To The Moon

$GameStop(GME)$ saga coms again. Since it's a meme stock, it's certainly not a fundamental thing, nor the techie investors can explain it.

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Most of the investors believe they can beat Wall Street, but last time, it turns out the wall street is in their battle inside.

Apparently, short squeezing has become a market hotspot.

From Short Interest's point of view, both GME and other meme stocks saw a sharp drawdown in shorts yesterday. Will be a Melvin Capital again?.

From options standpoint, these meme stocks have once again jumped to the top of the list both in terms of volume or IV. I'm sure when more options contracts come out today, activity can be pushed up even further.

Be careful:

1. Options are more actively traded now than they were three years ago, and more derivatives are available to fuel stock price volatility;

2. Always follow the leader, aka, GME. It will certainly attracts more gaming money, starting with retailers (even big money retailers) and lasting long enough for an institution to come out on top;

3. Speculative trading tends to be fast in and fast out, and is likely to shift once the market has its next hot spot, like Apr. CPI, or next week's $NVIDIA (NVDA)$ earnings.

Personally, I don't think history should simply repeat itself, and in its place, it's just a matter of investors playing around in the gap before NVDA's earnings report.