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You can clearly see that the price was going to infinity because there weren't enough sellers. This absolutely ruins anyone underwriting options because they no
by pfisch 6y ago
You can clearly see that the price was going to infinity because there weren't enough sellers. This absolutely ruins anyone underwriting options because they now have to immediately cover all outstanding calls at whatever the ask is.
This is what r/wallstreetbets was after. Forcing people to buy at $1000+. Robinhood should've had collateral for people buying stock in all cash. If they don't they are basically a busted bank, and they cheated all GME holders.