Here’s another jaw-dropper from /wallstreetbets, and a good example of the kind of sense and logic of modern-day, errr, investors. Here’s a chap named GlideOutside whose premise is that stock splits greatly increase the value of a given stock. He offers this vivid illustration from Whole Foods to prove his point………….”bro“:
Thus, he pushes forward all his chips – – $420,000 – – on short-dated Tesla calls that expire anywhere from today to the ostensibly conservative ones next month. This is predicated an the prospect of a surprise stock split announcement from Tesla on December 9th (which, as I am typing this, is behind us already).
His follow-up post pretty much says it all.
