It’s amateur hour: how retail traders upended options market
Cutting-edge data shows non-professionals are driven by news events and desire to make a quick buck
Since the launch of Robinhood in 2015 with its “zero, nada, zilch” commission-free trading, professional investors have got used to the fast-growing presence in their markets of amateurs and their gambling, thrill-seeking, Reddit-message-board-fuelled behaviour – and what they can do to prices.
The brokerage’s active users grew to 22.5 million by the end of 2021. And though the sway of retail
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