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by asdff 1124 days ago
To use a Drake lyric, retail investors are in it "for a good time not a long time". They don't care what the PE is. They don't care what the price is. The volitility is the entire opportunity. You jump into the meme stock and diamond hand your holdings, and just look it pumped 25% today. Its a gamble, that's why it makes no sense to traditionally minded investors like yourself and not gamblers who consider things like potential payouts multiple times over their initial bet, and are buying nvda calls right along side them betting on games through draftkings. If you had like $500 money you could stand to lose, why not role the dice? $500 in options for nvda yesterday would have made you like $10k today, or if you set a stop loss at say 20% you'd only be out $100 for that gamble. It almost makes less sense to sit on the sidelines considering these fixed losses and unlimited profit potential with call side options on a stock that's being actively memed. Have one of your runners pop off then all your picks from there can be made with house money.