A risky style of trading, driven by amateur traders who call themselves 'degens,' is experiencing a resurgence. These traders are engaging in long-shot bets, particularly in stocks like GameStop, which has led to a significant increase in average daily volumes in options trading. The Options Clearing Corp. reports that these volumes have reached almost 47 million this year, the highest level on record since data collection began in 1973. According to WSJ, these trades proudly have nothing to do with conventional ways of assessing investments.
'Degenerates are swarming the stock market. A boom in long-shot bets tied to GameStop and other degen favorites has helped send average daily volumes in options to almost 47 million this year, the highest level on record.' https://t.co/0V1L9znoS9 https://t.co/FkwwuaSKwb
Today's WSJ --- A risky style of trading is roaring back in popularity, driven by amateur traders who call themselves “degens” and pile into long-shot trades that proudly have nothing to do with conventional ways of assessing investments. Some are flinging cash at specific…
"A boom in long-shot bets tied to GameStop and other degen favorites has helped send average daily volumes in options to almost 47 million this year, the highest level on record in Options Clearing Corp. data going back to 1973." https://t.co/83tbt6067l https://t.co/Wrbx042Kq0
A risky style of trading is roaring back in popularity, driven by amateur traders who call themselves “degens” https://t.co/PrHKVvLipi https://t.co/PrHKVvLipi
A risky style of trading is roaring back in popularity, driven by amateur traders who call themselves “degens.” https://t.co/63c6R3nJ0Q