Wall Street drives explosive volatility in stock market by ‘YOLO-ing’ into options on brink of expiration

Wall Street drives explosive volatility in stock market by ‘YOLO-ing’ into options on brink of expiration

Reddit-loving day traders are reportedly returning to their day jobs, according to the Wall Street Journal, but back in the world of high finance professional traders have adopted one of their signature trading strategies, according to one closely followed markets guru. An explosion of trading volume in options with one, or even zero, days left … Read more

Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.

Reddit Traders Haven’t Given Up on GameStop.  Neither Have Short Sellers.

Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO departure, and corporate layoffs. Its stock has been volatile, but Reddit traders haven’t given up—and neither have short sellers betting against … Read more

Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.

Reddit Traders Haven’t Given Up on GameStop.  Neither Have Short Sellers.

Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO departure, and corporate layoffs. Its stock has been volatile, but Reddit traders haven’t given up—and neither have short sellers betting against … Read more

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

The last trading day of May is being marked by weakness in stocks and surging crude prices, climbing after the EU hammered out a partial ban on Russian oil imports after that country’s invasion of Ukraine four months ago. That brings us to our call of the day from Goldman Sachs, who sees a budding … Read more

GameStop Stock: Short Sellers Are Not In A “Comfortable Position”

GameStop Stock: Short Sellers Are Not In A “Comfortable Position”

The battle between GameStop (EMG) – Get GameStop Corp. Class A Report bulls (or rather, “apes,” as they are known) and bears is far from over. Lately, GameStop and other meme stock companies have been handing it to those who’ve bet against them. Here, we’ll take a look at a capital management firm that owns … Read more

There may be little upside left in this stock rally, says Goldman Sachs. Here’s where it advises investors to put their money now.

There may be little upside left in this stock rally, says Goldman Sachs.  Here’s where it advises investors to put their money now.

After seven straight quarterly wins, the S&P 500 is about to log a 3% loss in the first quarter. The last losing quarter was a COVID-fueled 20% slump in March 2020, But a 5% gain for March will make for the best month since October, and the index remains just 4% off its Jan. 4 … Read more

GameStop stock shows rare resiliency as it rises to longest win streak in more than 4 years

GameStop stock shows rare resiliency as it rises to longest win streak in more than 4 years

Shares of GameStop Corp. continued to charge higher Friday, to extend the win streak that started nine trading days ago, after they closed at a one-year low. The videogame and consumer electronics retailer’s stock GME, +6.71% charged up as much as 11.1% intraday before paring gains to close up 6.7% at $151.95. It has rocketed … Read more