[tumblerz]

All correct. Referring to WSB as (having ever been) "nice people" also seems an odd way to view the sub. The entire fun of WSB has always been the 4chan humor coupled with the gravity of real money.

I doubt that pro traders are buying simple calls and puts like WSB. But selling them those options when groupthink takes over might be profitable, indeed.

[IAmGraydon]

> I doubt that pro traders are buying simple calls and puts like WSB. But selling them those options when groupthink takes over might be profitable, indeed.

Most pro traders aren't really selling options either unless they're a market makers, in which case they're hedging with stock so as to remain delta neutral.

Pro traders use options to reduce risk via hedging. It's meant to be an insurance policy to protect holdings in the underlying. Buy $10M of ABC stock and insure it with $100,000 of ABC put contracts. Of course, it was quickly turned into a high risk/high leverage speculative vehicle by gamblers.