4 ms·
"Just weeks" Weeks is an enormous amount of time now actually. The majority of plays in what people do with stocks is actually very short term. People aren't t
by kingstnap 3mo ago
"Just weeks"
Weeks is an enormous amount of time now actually. The majority of plays in what people do with stocks is actually very short term. People aren't the kind of Berkshire buy and hold-ers anymore.
If you look it up 60% of options volumes on the S&P 500 is 0 days to expiry. Literally gambling if it goes up and down this day.
Btw its not just the US that's like this. South Koreas 2x single stock ETF debacle and India's Janestreet options story are somehow even more degenerate.
- da-x 3mo agoAnd on the other hand, there's a whole movement (in niche terms, though) of people going "just add to an S&P 500 ETF for 50 years and forget about everything else".
- mfro 3mo agoWould have been an amazing idea 10 years ago. Not sure anymore.
- nh23423fefe 3mo agoOwning productive assets is passe?
- mfro 3mo agoNo, I’m just saying I don’t know if buying SPY today would be a good idea.
- shawn_w 3mo agoSubstitute "target date fund" for "S&P 500 ETF" and that describes most retirement accounts... Not exactly niche.
- lokar 3mo agoA lot of the short dated options are market makers and index arbs hedging.
- kingstnap 3mo agoIt's about 50/50 retail to institutions.