Re:Fund manager: ‘Nightmare’ US stock valuations driven by ‘...
by jfengel on Thursday October 15, 2020 @01:36PM
(#24791314)
My first question was where these Millennials got the money to drive the market. The answer appears to be "derivatives". Key quote: "There was ($500 billion) of bullish call options bought in a four-week stretch by small retail traders."
When do these options expire? What happens when they do?
Re:Fund manager: ‘Nightmare’ US stock valuations driven by ‘...
by swiley on Thursday October 15, 2020 @02:09PM
(#24791716)
These are usually written by hedgefunds right? So ITM: the retail investors make money off investment banks hedging bets, OTM: retail investors loose money gambling.
When do these options expire? What happens when they do?