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GameStop: How Reedit's Retail Day Traders Brought (Secrets of Options Trading and Harness the Power of GameStop Phenomenon)
Paperback
Publisher Price: $19.95
ISBN13: 9780995893665
Publisher: Stephen Castillo
Published: Sep 15 2023
Pages: 192
Weight: 0.43
Height: 0.41 Width: 5.00 Depth: 8.00
Language: English
The news has been full of headlines, whether watching on television, reading on a webpage, or following them through an online app. The world is in a 24/7 news cycle that none of us can escape from unless we literally go off the grid. If you are someone who is a news junkie and gets excited about the latest headlines, then you were probably intrigued by the events that occurred in late January related to GameStop and other retail stocks.
Those who followed the events closely enough understood that a group of retail day traders, who communicated via social media and other online forums, caused one of the biggest stock market frenzies in recent times.
You'll read about:
- How a few tweets led to a massive rise in GME prices
- Why Robin hood really suspended trading in meme stocks
- How the irresponsible actions of a few billionaires led to mania in the market
- The fate of the hedge fund caught on the wrong side of GME
- What the future holds for the stock market and investing in general
This primer helps you build a solid foundation in options trading by exploring the headline-grabbing event that brought options into the mainstream. Learn how the armchair investors of Reedit successfully used options to squeeze hedge fund short sellers and spark a financial revolution.
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