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How do small traders have losses on this? Most of them have rode these pops up, not down; it's the shorts that are hurting. Or do you think the little guy has somehow been shorting GME the whole way up?

What small traders are feeling pain? Or do you mean after the eventual/inevitable dump?

https://www.marketwatch.com/story/after-gamestop-andrew-left-says-citron-will-no-longer-write-short-selling-reports-11611931285?siteid=yhoof2 Wouldn't have happened in the first place if he kept quiet and didn't make himself a target. I actually agree with his analysis, just can't stand him.

You might consider calendar puts. EDIT: just read your actual post. So yeah... calendars.

Never understood why people pay insane fees to achieve sub par returns. Is it to brag to your friends about being in a "hedge fund" for "rich" people? lol.

Can't go tits up.

Seems OK in IB.

You could try a calendar put. Let's face it, GME is not going to remain >$500 regardless of all the fundamental analysis we've seen including here on this "elite" board.

Very true. Not sure the overall %, but there are definitely legit and serious analyses there, couched in sophomoric terms. Which as you say is the opposite of here where we see a lot of "elite" language from people who clearly have very little actual knowledge or experience.

You're joking, I hope?

No one cares. At all.

I realize you're being sarcastic, but this seems more accurate than your otherwise bearish comments. What is more important to you - to be correct in your analysis, or to make $?

OK. You know what is going on, so trade accordingly? I don't see a problem here.

This gets to the heart of the matter. Price is truth. Many people have made (and realized) huge gains (and losses) on this. So far, the bulls have been correct. Obviously that will change, but no one can know when. Only the most deluded are trying to perform fundamental anylsis on this. The...

No. This whole thing sure is hilarious though! Love every aspect of it. What reddit has (helped) do to Left and Melvin. Seeing people on this "elite" trading forum attempting to perform fundamental analysis on a stock so clearly detached from reality. All the comments on reddit, twitter...

Non-issue.

To be crystal clear: the 3X ETFs you refer to are designed to track the DAILY performance of the corresponding underlying. They have done a pretty good job of doing so - there is nothing surprising or funny about their performance. There are other funds set at different multiples, and...

Do any of you guys understand the actual goal of these products? For a "math wiz" who understands how they work, and don't need it explained to them - why do you seem surprised it is performing exactly as it should?

QBTC.