[qeternity]

I don't think anybody thinks that it has anything to do with Wall Street, and anyone who thinks that Wall Street has anything to do with modern markets is also about 15 years behind the times (hint: Chicago is much more important than NYC).

But as someone who spent most of their career running sizeable vol books, there are a few people on /r/wsb who do understand options, or at least they understand gamma, which is more than I can say for 90% of the morons on Twitter.

But even on /r/wsb there are clearly people who are trading at proper buyside shops. You can tell by the way they write, the things they say, and the knowledge they hold. And yet they come to /r/wsb for some of the same reasons that TFA highlights.

[TheCoelacanth]

"Wall Street" is a metonym for the US finance industry. It doesn't refer to the actual location. Much like how if "the White House" does something, it means someone working for the POTUS, regardless of whether they're in that specific building or not.