Comment by dugmartsch on 27/01/2021 at 12:43 UTC

19 upvotes, 1 direct replies (showing 1)

View submission: /r/wallstreetbets is making international news for counter-investing Wall Street firms that want to see GameStop's stock collapse. The palpable excitement is off the charts.

I decided to look at the options prices yesterday (I'm something of a money losing options trader myself) and holy fucking shit they are insane.

Normally it's like a a dollar to two to buy an option with a short dated expiration (or much less).

These things were at like $60.

Replies

Comment by NargacugaRider at 27/01/2021 at 17:45 UTC

16 upvotes, 0 direct replies

People aren’t buying options, they’re buying shares. Options won’t get the price of the stock up more.