If you need any proof that Wall Street has become a red hot gambling casino, just consider the explosion of options trading in both broad indices and single stocks. Since the turn of the century the increase in average daily volume has been staggering and relentless, rising by 13.3X.
Options volume now far exceeds actually cash transactions in the underlying securities. Nine of 10 of the most-active call-options trading days in history have taken place in 2021.
SUBSCRIBE TO CONTINUE READING
$39
Monthly
Sign Up
$99
Quarterly
Sign Up
$365
Yearly
Sign Up