2min chapter

Animal Spirits Podcast cover image

Are Stocks Cheap? (EP.312)

Animal Spirits Podcast

CHAPTER

Bitcoin's Market Cap Is the Largest Part of Crypto's Total Since April 21

Before the SEC lawsuit against Coinbase was formally announced, someone opened new $50 weekly puts for $107,000. They were 90% out of the money and expired in four days. These positions are up nearly 2,572%. They turned 100K to millions. How does this happen all the time without people getting in trouble? It is surprising that if you can see these trades happen that they can't just flag them.

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