Retail mob triggered options chain reaction that ended in losses, speculators hijack options market with social media frenzy
Boom turns bust as reckless call buying backfires. "Instead of using #options as part of a larger strategy to protect #portfolios from losses, individuals are mostly #speculating…with reckless buying organized on social media acted like a force-multiplier. Because options #market makers need to hedge call contracts, they buy… pic.twitter.com/7JKs4zB9sg — Lance Roberts (@LanceRoberts) July 18, …