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This is a casino on crack

This is a casino on crack

In the past year we've seen the implosions of:

  • NFTs
  • Meme stocks
  • Crypto
  • Tech stocks

With that, you would think retail traders would sober up. Instead, they've switched from hard liquor to crack cocaine in the of ultra-short-dated equity options. Here's a chart from Goldman Sachs showing that 44% of SPX volume in the third and fourth quarter (so far) has been in options with less than 24 hours to expiration.

Today is quad witching so it makes... Read More

Posted: Dec 16 2022, 20:45
Author Name: forexlive
Views: 111416

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