A gamma squeeze means that the option dealers are like, ok, i sold you this option. Thank you for the money. It's probably going to epie worthless, but just in case, if this stock starts to go up, i have to buy it to protect myself. A m c was probably six months from going out of business. Who cares about game stop? Who cares about blackberry? Whos? Who even owns a blackberry to day? That company's going in. Nochia ie. I remember i had inochia 25 years ago, not now. And soa, these were all a collection of corporate has ins, but they happened to be the easiest
#361: Wall Street Journal columnist Spencer Jakab marks the one-year anniversary of that weird time when the subReddit Wall St Bets pumped shares of meme stocks like GameStop and AMC Theaters, triggering a short squeeze that forced several hedge funds to lose billions.
What did we learn from that experience? And how do we actually take down Wall Street? How do we launch a truly effective financial revolution?
We share those insights in today’s episode.
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