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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.
Re:Fund manager: ‘Nightmare’ US stock valuations driven by ‘... by scsilver on Thursday October 15, 2020 @09:30PM (#24796448)
Do these investment banks take out historically low rate loans to back these options that they send out.