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[QUOTE="Niastri, post: 3705853, member: 722"]
They are going crazy taking about this on a random university's basketball board... I don't think we need to worry about the eyeballs.

You should see the threads on seeking alpha, being eyeballs are melting out of their heads.

I was fortunate to sell my AMC calls for about 1000% return before they stopped for the day... For a little while there you could sell a $10 call for $12.60 when the price was about $17.50 (for those of you who don't dabble in trading, that's an instant $500 profit every time you can get somebody to fall for it. The market usually pounces on arbitrage instantly and fixes the price, but it went on and on. The market was off the hook yesterday!) You couldn't push the buttons fast enough buying the shares and selling the calls.

And then, by the end of the day, the calls I sold weren't even in the money, people had just gifted me thousands of dollars because of lack of prudence and excitement over the wild day.

Those people that were buying a company like GameStop (that will probably go bankrupt) in huge amounts at $17/share before the short squeeze are failing to manage risk. Straight up gambling. And then they are bitching about not being able to buy more at $450!

I considered GME as a speculation trade at ~$4/share and decided I liked AMC better. In the end, I guess I missed out, but I don't feel any worse than I do knowing somebody won the mega millions this week.
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