Re:How r/WallStreetBets gamed the stock of GameStop
by hehehaha on Wednesday January 27, 2021 @12:55PM
(#25931388)
What makes you think WS wasn’t profiting on the long side? These are professionals who live to exploit anomalies day in day out. Sure, retails made money but most of the pot went to...Wall Street.
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Re:How r/WallStreetBets gamed the stock of GameStop
by washedup on Wednesday January 27, 2021 @12:58PM
(#25931442)
Yes, definitely some on the long side as well. How do you know most of the "wins" went to wallstreet?
Re:How r/WallStreetBets gamed the stock of GameStop
by hehehaha on Wednesday January 27, 2021 @01:06PM
(#25931553)
Citadel made the most money from this debacle by a huge margin. From earlier last Friday, algos basically ran the stock. Retail and r/wsb make for entertaining headlines. But most people in the business knew this squeeze (perhaps not to this extent) was coming this week.
Re:How r/WallStreetBets gamed the stock of GameStop
by hchz on Wednesday January 27, 2021 @02:32PM
(#25932759)
A MM expects to make pennies for selling an option.
If there is a sufficient squeeze, and GME doesn't issue new shares, each of those options (especially those purchased earlier) will result in tens or hundreds of dollars of profit to the holder.
What's your math for asserting that Citadel is making "the most money" "by a huge margin"?