> I'm guessing "leveraged" means something closer to "owns at least one option" than "would be wiped out in a 25% market correction". I hope so, but do we know

> I'm guessing "leveraged" means something closer to "owns at least one option" than "would be wiped out in a 25% market correction". I hope so, but do we know this? My understanding is that apps like Robinhood make it very easy to do options trading, and there's a whole online subculture around this type of trading. Can we actually rule out the possibility that a non-trivial percentage of the recent run-up of the stock market is based on "dumb money" from unsophisticated investors, much of which they may not actually have? edit: Also I just searched Robin-hood options trading on youtube and this video was the second result: https://youtu.be/EQRLRYvRYOM?t=568 https://youtu.be/EQRLRYvRYOM?t=568 I find the UI effect when he finishes the option buy to be very telling, and it's interesting to think about who the intended audience of this content is.