The Gamestop thing has been brewing for quite awhile. Almost 2 years ago, IIRC, one of the users on r/WallStreetBets (DeepFuckingValue) posted a "YOLO" gamble he was making on Gamestop. He invested ~$53K, almost all in call options, and is now sitting on roughly $47 million if he would have pulled out today. They (some of the posters there) have the running hypothesis that things still haven't peaked and the "gamma squeeze" is yet to come.
Seen a man standin' over a dead dog lyin' by the highway in a ditch
He's lookin' down kinda puzzled pokin' that dog with a stick
|