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Topic	Stock Topic 32
red sox 777 08/12/21 5:59:24 PM #46:	masterplum posted... Not necessarily a meme stock, but similar rallies have happened in other trendy tech stocks. They spike and then gradually decline before spiking again. It's pretty consistent behavior for many of the overpriced tech stocks. Robinhood was valued more than Charles Schwabb. That's insanity. SCHW is actually my 2nd biggest holding, so I'm pretty sure Robinhood was not valued more highly than it at any point in its rally. But um, GME (and probably AMC, I'm not sure) was really different from rallies in trendy stocks. The amount of options being traded on GME relative to the amount of stock in existence was insane. I think the number of shares necessary to secure all the GME options was like at least 200% all of the shares in existence. Meaning, most of the calls were being secured by other calls at different strikes/expiries. With most stocks, the stock price drives the options price, and with GME it was the other way around. The options drove the stock. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:957027904] in Stock Topi... [t:79596938]...</cite> <quote>masterplum posted... </cite> <quote>Not necessarily a meme stock, but similar rallies have happened in other trendy tech stocks. They spike and then gradually decline before spiking again. It's pretty consistent behavior for many of the overpriced tech stocks. Robinhood was valued more than Charles Schwabb. That's insanity.</quote> SCHW is actually my 2nd biggest holding, so I'm pretty sure Robinhood was not valued more highly than it at any point in its rally. But um, GME (and probably AMC, I'm not sure) was really different from rallies in trendy stocks. The amount of options being traded on GME relative to the amount of stock in existence was insane. I think the number of shares necessary to secure all the GME options was like at least 200% all of the shares in existence. Meaning, most of the calls were being secured by other calls at different strikes/expiries. With most stocks, the stock price drives the options price, and with GME it was the other way around. The options drove the stock. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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