> I’m not sure what OTM has to do with anything The user I quoted claimed amateurs aren't going to lose money chasing FAANG hype, which is arguably reasonable

> I’m not sure what OTM has to do with anything The user I quoted claimed amateurs aren't going to lose money chasing FAANG hype, which is arguably reasonable if they're holding the underlying or even buying ITM options, but they seemed to forget that a lot of retail traders are burning money on OTM options that will most likely got to zero.