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So what do we do we can? We can buy these options. We can buy these kind of Moonshot bats for much much cheaper that have non linear payoffs in can be exponential. There's been ten thousand percent Day daily gains in some of these In the event that you know the underlying does rise sufficiently. So what's been going on? Is that there have been a few stocks that the online community of Wall Street bets as a sub right it has really latched onto. And you've seen underlying activity call activity in those names go absolutely parabolic. And you've seen very very outsized moves in those shares at the same time so names. Like a Tesla names like virgin. Galactic names like lumber liquidators plug power which is a fun example. Because it's literally you know what's what's old is new again. That was a dot com bubble favourite. So it's and they also think that this kind of activity the call buying is also sufficient to Make their prophesied gains. Come about because what they're doing and buying a call if you buy it from a dealer. A dealer is not in the business of taking directional risk. So dealer would say. Hey like I'll I'll I'll read the call for you. We'll we'll get that done but I don't want that exposure so dealer rates are called by stock that's known as Delta hedging and if the underlying continues to go up you have to adjust your Delta hedge end by even more so when they read about this dynamic and a piece that we wrote about Tesla Options. They kind of extrapolated this to the unreasonable degree. That if we buy enough calls these will never go down. So I'm looking just the concept that there. That's great I'm I'm thinking of bigger step back. I mean it is. It's fascinating but if you take a big setback someone who's not familiar. Nine hundred thousand users are on. This red at four am are slash Wall Street pets are slash WSB Who are these people I? It's it's very tough. I don't want to Miss Gender the community but it would it would seem to be a lot of A lot of males a lot of males the. Let's call it eighteen to thirty five demo and it's it would be locker room culture. I think to say that would be putting it putting it very kindly so I mean this Harkin. This reminds me of the day. Trading boom of ten or fifteen years ago and that kind of suggested all right. This is the top of the market when these individuals are getting in and bidding up stocks. Too crazy levels. This might mark the top. What's the thought there I mean could could have happened could have been I mean. We're we're in downdraft. Now we're off peak. Said this could have been the perfect blow off top signal that we were looking for in the event that we continue to extend to the downside in the stock market What I think is definitely different. This time is the how localized a lot of this euphoria is like. Yeah sure. Stocks in general around the world. We're having a great January but and we're starting to see just in general retail flows purely into stocks come back but the localized nature of how just certain names were really seeing activity and really getting pushed whereas you know back in the day. It was just everything getting pushed and people piling into everything. That's what kind of sets US apart and makes it look a little less scary. Also you know this was barely getting off. The ground retail was retail involvement. Was really just starting to come back when we've run into a bit of difficulty getting higher in the general market here so it that that trend could have some staying power in the event that we're able to resume an uptrend. The user names soul train our ns on hold gran or really catchy right recently. Unearthed I'm just wondering. How much time do you spend on these on this forum? Actually this is not the celebrated I frequent the most up often. The choices spoiled survivor. I like to try and get hints on with survivor. Players might be voted off the island. Next read it's also fairly adept. Oh yeah there's how much time do you spend That would be embarrassed to say how much time I spend on it but Wall Street. Bet this has been more a job for me just because I it was. It was in mid-january when I was noticing just some tesla coils go off. Tussle was having a great week but the the C. Seven hundred strikes that were about to expire in two days and would have required Tesla rally about forty percent in two days those to see a lot of activity and I was just like what what the heck is going on here. What in the world. Who could possibly want something like this? This is absolutely nuts and that trail led me to to Wall Street bets. Yeah I remember and you read a story about it and it was fantastic story and Your Business. Week's cover story also fantastic Lucala Bloomberg Cross asset reporter and correspondent four survivor and the potential next ejected contestant.