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MacroVoices #256 Russell Napier: Prepare for Secular Inflation

Macro Voices

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What Is It All About? Is It Just a Gunslinging Kid in Robinhood Accounts?

GameStop went from being like a 40, 50-dollar stock a week or two ago to going over $500 on the upside in just a straight line move. What we find is that a lot of these young Robinhooders have caught on to the idea that if they buy up short dated deep out of the money call options on a lot ofthese stocks,. That they pack a lot of this gamma convexity and the dealers, because they're hedging out this gamma, actually they can drive the momentum with a very small amount of money.

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