I don’t mean to go all get-off-my-lawn on you, but honestly, these kids piling into short-dated call options on meme stocks are (99% of them, at least) going to get torched.
These stocks are not going to “moon” for the “apes” with the “diamond hands“. They are, instead, going to “get smashed” and “not go up” while their “volatility collapses.”
Honest. Garbage stocks. I’m tellin’ ya.
Wednesday’s close, by the way, yielded a loss of 12.77% on AMC and 7.44% on GME. Of course, short-dated calls like the /wsb boys trade probably went down 90%.
