The Options Market Has Goes to Vegas

Four to 500 billion dollars per day is trading on stocks and on options on those stocks. In the options market, like one third of all options trading on single stocks is in tesla. 80 % of all option trading on tesla is within three weeks o expiration. When you're buying an out of the money put option from somebody, they don't have anything to diversify it with. And so when you're buying house insurance, you kind of know that the insurance company is going to offer you sort of a reasonable price.