They’re back! The speculative trading frenzy that dominated the markets’ during 2021, and then went into hibernation during the 2022 bear market has reemerged.
The piling into meme names, FOMOing, YOLOing, bidding up shares of money losing companies, even those bordering on bankruptcy, and squeezing shorts with single day moves in excess of 20% are all there.
And once again its options, especially those with extremely short dated expirations, are the weapon of choice for trying to ride this wave to outsized profits.
The activity has manifested itself in two ways; a surge in call volume vs. puts, makes sense given the incredible start to 2023 which has seen the Nasdaq 100 climb some 15% during the first five weeks. Led by many crowd favorites such as Nvidia (NVDA) and Tesla (TSLA), which have gained over…
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