It’s interesting, because even though equities are absolutely exploding higher today, the most “meme” of the meme stocks, GME, is actually down over 5% as I’m typing this. There are no two stocks which better capture the zeitgeist of the animal spirits (AKA the /wsb crowd) than AMC and GME, and judging from these charts, I’d say the winners from this entire exercise are going to be the people selling calls to them.
And what’s driving them to pile in? Simple. They want to be JUST like this guy.
Incidentally, if you want to learn about IV Rank, which is the lower portion of the charts shown above, please read about it here. It is available to all Platinum users, and as for everyone else, it’s still good to know what you’re looking at.
