Gamestop Meme War Marshmallow Experiment Update When fear is overpriced, sell some. Gamestop dropped 29% today to $143 and I’m smiling at its put options’ inverted volatility smile. GME’s out of the money (OTM) puts cratered along with the stock price. This theoretically should not happen. But it did, which proves the inverted volatility smile process outlined in the previous articles is repeatable. The proof is in the pudding, or in this case, shorted marshmallows left on the plate for a sweeter tasting later when the GME meme-ification bubble bursts: Oct 15, 2021, $3 strike puts: down 17% (.12 to .10),…...
How Not to be Dumb Money, 3.0
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