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.
Reefer Madness
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Are the Memes Spent?
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.
You Darned Kids!
Well, the meme stock boys are back in force. Here we see GameStop (GME) which, in four days, has doubled in price based on the stampede of youngsters-in-basements getting their mojo back, having been obliterated for many, many months past.
No Instagram For You!
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Sympathy for Kilgore
I assume almost all of you are well familiar with Apocalypse Now (I’ve watched it many times) as well as the best-known quotes and catch phrases, such as “Charlie Don’t Surf!” But there’s one throwaway line from this scene which I’m thinking about………….
