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Reddit’s profane, greedy traders are shaking up the stock market

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Re: Reddit’s profane, greedy traders are shaking up the stock market

#161

Post by [deleted] »

powowowow wrote: post #154
missosoup wrote: post #138

Earlier quoted context omitted.

> If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin. As someone who fell into category 1 for most of my childhood, I think you have the labels reversed. I think it takes a tremendously sheltered privileged life to…

> pretty unique to the wealthier segments of the West and Europe. Thank you for letting me know that Asia has no complex rules about how to address people, and no social consequences for failure to obey those rules.

[deleted]

Re: Reddit’s profane, greedy traders are shaking up the stock market

#163

Post by anthm1988 »

AnotherGoodName wrote: post #29
safog wrote: post #23

Come on man, there's no where near enough volume there to move anything but the most low volume of stocks. All they trade in is meme stocks like TSLA, NFLX, MSFT, AAPL etc., and a few 100k on calls here or there won't budge the price in the slightest. On top of that, it's not even a P&D group, people there are just trading against each other, you have both bears and bulls and thetas. There's never been a concerted ef…

I have a theory that WSB are so bad at trading that they actually do manipulate stocks due to messing up every automated trading platform that assumes there'd be some logic to the trades being made. Someone's just bought a $1000 call option on a stock that's currently $400? Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen. This appeared to happen…

This all sounds really good.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#164

Post by trophycase »

thih9 wrote: post #6

> You're in private mode. Subscribe to continue reading in private mode. I didn't realise that Bloomberg blocks private mode too. Messages like this assume that tracking is the default and make sure that we keep losing privacy. I really dislike this trend.

Just leave, it's probably not worth your time anyway. And also why support Bloomberg who is trying to buy an election?

Re: Reddit’s profane, greedy traders are shaking up the stock market

#165

Post by InGoodFaith »

powowowow wrote: post #157
denkmoon wrote: post #155

Earlier quoted context omitted.

That's not what he said.

It's absolutely what he said. Political correctness is a right-wing term used when they want to call somebody X, but may face social consequences for doing so. It's not a wealthy western phenomena. It's global and it's as old as the hills.

I wish you would take GP's comment in good faith.

NB: I have lived in these countries, and I am also part of what you may call a "protected group" in western areas. I have come to terms with it.

Counter examples:

1 - PRC's treatment of Uighar muslims, LGBTQ+, Tibetans

2 - Light-hearted potrayals of lolicon, sexual harassment in the entertainment (specifically anime) industry

3 - "No foreigners / (insert specific race group here)" signs in some Japanese establishment that normalize xenophobia.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#166

Post by NicolasGorden »

cdiamand wrote: post #25

Hey! I'd like to shamelessly plug my new project here: https://topstonks.com We're writing about this speculative culture emanating from WSB and 4chan in a daily email. We send out a list of the most mentioned stocks, and do a longer form commentary, with quotes from those communities a few times a week. It's just an email now, but we're going to roll out options analysis and a few other goodies in the coming weeks :…

I love your concept. A few pointers from a digital marketing perspective:

1- Upon sign up, the confirmation email says: For questions about this list, please contact: coand@gmail.com - I'd suggest you use the @topstonks.com address - it really looks more professional.

2- The page focuses too much on the features and not the benefit. I think people are less interested in 'data' 'analysis' and seeing a sample and more on what's in it for them. Maybe run a regression analysis and tout the benefits. If most of the stocks tank, then tout how you can fade the public, or if they tend to go up, again, mention that.

3- Why is it beta? What's beta about it? It's OK to mention it's in beta, but then you need to make it clear what's the long term vision or why you say beta. Personally, I'd get rid of that part.

In any case, this is an excellent idea that could easily branch out in a lot of directions. I'm subscribed and will look forward to seeing what you develop this into. :)

Re: Reddit’s profane, greedy traders are shaking up the stock market

#167

Post by 205guy »

Loughla wrote: post #134
xiaoxiae wrote: post #130

Earlier quoted context omitted.

Care to explain?

I'm going to guess, based on what I know about diversity and inclusion. It's the fact that people are called retards, autists, and homophobic slurs. To some it's about "having thick skin". To others it's about normalizing "hate speech". It really depends on what your life experience is to determine which camp you fall in. If you've been on the receiving end of hate speech or discrimination, you tend to be in the seco…

> And this disagreement between those two groups sums up like 95% of all social media posts right now.

Seeing the ensuing discussion: QED

Re: Reddit’s profane, greedy traders are shaking up the stock market

#168

Post by goldmanballsack »

hrdwdmrbl wrote: post #133
totalZero wrote: post #98

Earlier quoted context omitted.

Some of this can also be a totally legitimate result of putting dealers short gamma. When options dealers are short contracts, their delta hedging activity (ie, their effort to reduce first-order risk to the share price by buying or selling a commensurate amount of stock) contributes to the momentum of a large move, because dealers' hedges chase the stock. If this explanation is unsatisfactory, look up "short gamma"…

I love finding comments like this where I understand very little. (I am not being sarcastic). Excellent for learning.

It's a bunch of mumbo jumbo from someone that takes the academic side of finance too seriously (LTCM anyone?).

In plain English: Options are basically a contract, with a time limit, that states the holder can buy a certain amount of stock at a certain price. "Options dealers" are the people who wrote the contract and sold it to another party. They are on the "hook" for fulfilling the terms, if the buying party wishes to "exercise" an option and buy their promised stock at the promised price.

Options dealers are automatically "short" all of the contracts they sell, because that's literally the definition of "shorting" -- selling something you don't own. Options dealers technically do not own the stock they're promising to sell to the buyer, but will have to once the buyer "exercises" the options contract.

Delta is basically the difference in velocity of the price of the options contract vs. the price of the stock it's representing. So, if the option is selling for $10, and has a delta of 1 (100%), then a $5 increase in the stock price will increase the option contracts price by $5 to $15. If the delta is 0 (0%), the price of the contract will not change.

Actually, I was wrong. The GP was correct to use the vocabulary he did -- because what I wrote isn't even the full explanation I was planning. However, three paragraphs in, I realized it would take much more to completely explain it.

Basically, options dealers hedge by buying the stock they issue options contracts for, and this can cause the price to move up.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#170

Post by spookthesunset »

0_gravitas wrote: post #136
denkmoon wrote: post #132

Earlier quoted context omitted.

r/wallstreetbets is not politically correct. It is shitposting of a magnitude not seen since the heyday of 4chan. (Their motto is "if 4chan got a bloomberg terminal") In other words, he's upset because people put mean words on an imageboard.

ikr, and honestly, I mean, at least compared to what i've seen in some other places on reddit, wallstreetbets is pretty tame, still politically incorrect, but the worst ive seen is them calling both themselves and others "gay bears" and "autists". ive definitely seen far worse and more mean-spirited elsewhere

agree. wsb has some racy language but it is all in good spirits. It is not at all like all the cesspool subreddits where everybody is a mean spirited asshole.
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