) shares surged as high as 75% after Monday's market open before calming ahead of the closing bell. What exactly brought on this second rally in the past month for the meme stock?Susquehanna Co-Head of Derivative Strategy Chris Murphy joins Yahoo Finance's Market Domination to talk about whether investors could have anticipated this jump in GameStop stock, including from options traders.
So the information is there if you're looking at it like, you know, this, this tweet coming out uh yesterday or overnight or, or whatever it was or the post on Reddit, um that, you know, could have somewhat been expected if you are watching.Uh you know, after 2021 through 2022 and 23 and then all of a sudden, you know, a month or two ago, uh the options really start heating up again.So, um you know, you can kinda see that information out there.
Well, Chris, so I guess my question is back when this thing first started rearing its head in 2021 there was this whole narrative about the small retail investors versus hedge funds and then the hedge fund started participating on the side of the retail investors and you know, because whatever they would see that would make the money.
So, you know, I spend 99% of my time on um other opportunities on, you know, fed events on CP I on things like that really only look at this when this stuff pops up and it's typically, you know, more media related than our clients. So really, we're more using it as a vehicle to field questions, to explain um the risks of the options to our clients and to help them to understand what's going on and whether it's impacting their portfolio or not.
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