Yeah, theta on near the money puts this Friday is nearly $20!
If people can't write new contracts, and are only limited to buying existing contracts, then they are going to get bid into stupidity. Which seems to be precisely what's happening.
The GME and AMC markets are not operating correctly. A lot of value is going to turn into vapor. Question: How much of that soon to be vapor value is economic stimulus and deferred rents etc?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.