To the mooon_老虎社区_美港股上老虎

2021-06-08

To the mooon

AMC, Other Meme Stocks Turn Options Market Upside Down<blockquote>AMC和其他模因股票颠覆期权市场</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":117482163,"tweetId":"117482163","gmtCreate":1623157480952,"gmtModify":1631890251051,"author":{"id":3575874149939768,"idStr":"3575874149939768","authorId":3575874149939768,"authorIdStr":"3575874149939768","name":"WestKai","avatar":"https://static.tigerbbs.com/94b354bc058573b356e2ded7eb1878ad","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>To the mooon</body></html>","htmlText":"<html><head></head><body>To the mooon</body></html>","text":"To the mooon","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/117482163","repostId":1190015891,"repostType":4,"repost":{"id":"1190015891","kind":"news","pubTimestamp":1623157189,"share":"https://www.laohu8.com/m/news/1190015891?lang=zh_CN&edition=full","pubTime":"2021-06-08 20:59","market":"us","language":"en","title":"AMC, Other Meme Stocks Turn Options Market Upside Down<blockquote>AMC和其他模因股票颠覆期权市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190015891","media":"The Wall Street Journal","summary":"Flurry of activity in meme-stock options underscores investors’ fear of missing out on surges.Themet","content":"Flurry of activity in meme-stock options underscores investors’ fear of missing out on surges.Themeteoric rally in meme stockssuch asAMC Entertainment HoldingsInc.AMC14.80%andGameStopCorp.GME12.74%has unleashed a burst of options trading, upending traditional dynamics in the market for stock bets.<blockquote>模因股票期权的一系列活动凸显了投资者对错过飙升的担忧。AMC Entertainment Holdings Inc.AMC 14.80%和GameStopCorp.GME 12.74%等模因股票的理论上涨引发了期权交易的爆发，颠覆了股票市场的传统动态投注。</blockquote>The rush into the stocks coincided with frenzied trading for options—contracts that allow investors to bet on price moves in stocks or protect their portfolios. The once-obscure corner of the market has boomed this year like never before, with many new investors trying their hands during the pandemic shutdowns.<blockquote>在涌入股市的同时，期权交易也出现了疯狂，期权是一种允许投资者押注股票价格变动或保护其投资组合的合约。这个曾经默默无闻的市场角落今年出现了前所未有的繁荣，许多新投资者在大流行关闭期间尝试了一下。</blockquote><img src=\"https://static.tigerbbs.com/f595961ae3a3f5921e940d0e245ab0aa\" tg-width=\"319\" tg-height=\"420\" referrerpolicy=\"no-referrer\">The complicated contracts can be risky to use but have mushroomed into a feature of the meme mania this year. Some individual investors have said that they aredrawn to the thrillof options trading, happy to take on higher risks for the prospect of big payouts. They have used the bets to turbocharge their positions, eager to ride the relentless momentum in stocks like GameStop and AMC.<blockquote>使用复杂的合同可能有风险，但今年已经迅速成为模因狂热的一个特征。一些个人投资者表示，他们被期权交易的刺激所吸引，乐于为巨额回报的前景承担更高的风险。他们利用这些赌注来增加自己的头寸，渴望利用游戏驿站和AMC等股票的强劲势头。</blockquote>Call options, which allow investors the right to purchase stocks at a set price in the future, have recorded particularly heavy trading. Internet traders and others have favored them for making bullish bets in pursuit of mammoth gains. Their relatively low cost—with just one contract covering 100 shares—has lured many into the market, with activity rising to a fever pitch in recent sessions.<blockquote>看涨期权期权允许投资者有权在未来以设定价格购买股票，其交易量尤其大。互联网交易员和其他人青睐他们进行看涨押注以追求巨额收益。它们相对较低的成本（仅一份合约涵盖100股）吸引了许多人进入市场，最近几个交易日的交易活动达到了白热化。</blockquote>Traders last week spent $11.6 billion on options contracts tied to AMC, more than on the SPDR S&amp;P 500 ETF Trust, Invesco QQQ Trust and Tesla Inc. combined, according toCboe Global Marketsdata. Options on those stocks are typically among the market’s most popular.<blockquote>根据Cboe Global MarketsData的数据，交易员上周在与AMC相关的期权合约上花费了116亿美元，超过了SPDR标普500 ETF信托、景顺QQQ信托和特斯拉的总和。这些股票的期权通常是市场上最受欢迎的期权之一。</blockquote>The recent activity in meme stock options underscores investors’ fear of missing out on the surges. Many traders were positioning for even greater gains in AMC shares. The stock soared 83% last week, surpassing its record hit six years ago. Some of the most popular options contracts on AMC have been bullish calls pegged to shares jumping to $145 or $100.<blockquote>最近meme股票期权的活动凸显了投资者担心错过飙升的机会。许多交易员都在为AMC股票的更大涨幅做好准备。该股上周飙升83%，超过了六年前创下的历史新高。AMC上一些最受欢迎的期权合约一直看涨评级，与股价跃升至145美元或100美元挂钩。</blockquote><img src=\"https://static.tigerbbs.com/8abe3eaccc4237bfb46889ef3d07e51b\" tg-width=\"331\" tg-height=\"430\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/59e2e6b2c8e0a31c64a805bbe095f883\" tg-width=\"359\" tg-height=\"421\" referrerpolicy=\"no-referrer\">The stock surged another 15% Monday to start the week and settled at $55, bringing gains for the year to 2494%. Other retail favorites such as GameStop,BlackBerryLtd.andKossCorp.also rallied.<blockquote>该股周一开盘又飙升15%，收于55美元，年内涨幅达到2494%。游戏驿站、黑莓(BlackBerryLtd.andKossCorp.)等其他零售巨头也出现反弹。</blockquote>“The perceived risk is not that AMC is going to go down to $10. The risk that everybody is worried about is AMC going up to $1000,” said Henry Schwartz, head of product intelligence at Cboe Global Markets. “It does kind of challenge all the normal assumptions that especially professionals tend to make.”<blockquote>芝加哥期权交易所全球市场产品情报主管亨利·施瓦茨(Henry Schwartz)表示：“人们认为的风险不是AMC会跌至10美元。每个人都担心的风险是AMC会涨至1000美元。”“它确实挑战了所有正常的假设，尤其是专业人士倾向于做出的假设。”</blockquote>The options-trading activity at times canstoke bigger moves in the shares themselves, traders say, exacerbating swings. The intense activity in meme stocks has also overturned dynamics within the world of options and volatility trading.<blockquote>交易员表示，期权交易活动有时会引发股票本身的更大波动，加剧波动。模因股票的激烈活动也颠覆了期权和波动性交易领域的动态。</blockquote>Market volatility is a key input to pricing options. The higher the volatility, the pricier options can be: If a stock is recording more extreme swings, that increases the chances the options will pay out. Implied volatility, a measure of how turbulent traders expect stocks to be over a given time frame, typically drops as stocks go up,and climbs when they fall.<blockquote>市场波动是期权定价的关键输入。波动性越高，期权的价格就越高：如果股票出现更极端的波动，就会增加期权支付的机会。隐含波动率是衡量交易者预期股票在给定时间范围内波动程度的指标，通常随着股票上涨而下降，随着股票下跌而上升。</blockquote>Some of the meme stocks have defied those expectations. As AMC share prices hit a record last week, implied volatility for the stock jumped to the highest level in around four months, according to Susquehanna Financial Group. Meanwhile, expected swings in GameStop and BlackBerry hit the highest levels in months—even as the stocks surged.<blockquote>一些模因股票超出了这些预期。Susquehanna Financial Group表示，随着AMC股价上周创下历史新高，该股的隐含波动率跃升至约四个月来的最高水平。与此同时，游戏驿站和黑莓的预期波动达到了几个月来的最高水平——尽管股市飙升。</blockquote>“If the market crashed tomorrow, would things get quieter or they’d go crazy? Well, they’d get more crazy, that spooks everybody,” Mr. Schwartz said. “What happens in these meme stocks is they also get much more volatile when the stocks go up.”<blockquote>“如果明天市场崩盘，事情会变得安静还是会变得疯狂？嗯，他们会变得更加疯狂，这让每个人都感到害怕，”施瓦茨先生说。“这些模因股票的情况是，当股票上涨时，它们的波动性也会变得更大。”</blockquote>And typically, investors pay more to protect themselves from stock declines than they do for bullish wagers. That hasn’t been the case at times in meme stocks and a handful of other bets over the past year, like some special-purpose acquisition companies, analysts said.<blockquote>通常情况下，与看涨押注相比，投资者为保护自己免受股市下跌的影响支付更多费用。分析师表示，过去一年，模因股票和其他一些押注（例如一些特殊目的收购公司）的情况有时并非如此。</blockquote>“These traditional relationships between volatility and stocks have been turned on their heads in meme stocks,” said Chris Murphy, co-head of derivatives strategy at Susquehanna.<blockquote>Susquehanna衍生品策略联席主管克里斯·墨菲(Chris Murphy)表示：“波动性与股票之间的这些传统关系在模因股票中被颠覆了。”</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC, Other Meme Stocks Turn Options Market Upside Down<blockquote>AMC和其他模因股票颠覆期权市场</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC, Other Meme Stocks Turn Options Market Upside Down<blockquote>AMC和其他模因股票颠覆期权市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Wall Street Journal2021-06-08 20:59\n\n</h4>\n</header>\n<article>\nFlurry of activity in meme-stock options underscores investors’ fear of missing out on surges.Themeteoric rally in meme stockssuch asAMC Entertainment HoldingsInc.AMC14.80%andGameStopCorp.GME12.74%has unleashed a burst of options trading, upending traditional dynamics in the market for stock bets.<blockquote>模因股票期权的一系列活动凸显了投资者对错过飙升的担忧。AMC Entertainment Holdings Inc.AMC 14.80%和GameStopCorp.GME 12.74%等模因股票的理论上涨引发了期权交易的爆发，颠覆了股票市场的传统动态投注。</blockquote>The rush into the stocks coincided with frenzied trading for options—contracts that allow investors to bet on price moves in stocks or protect their portfolios. The once-obscure corner of the market has boomed this year like never before, with many new investors trying their hands during the pandemic shutdowns.<blockquote>在涌入股市的同时，期权交易也出现了疯狂，期权是一种允许投资者押注股票价格变动或保护其投资组合的合约。这个曾经默默无闻的市场角落今年出现了前所未有的繁荣，许多新投资者在大流行关闭期间尝试了一下。</blockquote><img src=\"https://static.tigerbbs.com/f595961ae3a3f5921e940d0e245ab0aa\" tg-width=\"319\" tg-height=\"420\" referrerpolicy=\"no-referrer\">The complicated contracts can be risky to use but have mushroomed into a feature of the meme mania this year. Some individual investors have said that they aredrawn to the thrillof options trading, happy to take on higher risks for the prospect of big payouts. They have used the bets to turbocharge their positions, eager to ride the relentless momentum in stocks like GameStop and AMC.<blockquote>使用复杂的合同可能有风险，但今年已经迅速成为模因狂热的一个特征。一些个人投资者表示，他们被期权交易的刺激所吸引，乐于为巨额回报的前景承担更高的风险。他们利用这些赌注来增加自己的头寸，渴望利用游戏驿站和AMC等股票的强劲势头。</blockquote>Call options, which allow investors the right to purchase stocks at a set price in the future, have recorded particularly heavy trading. Internet traders and others have favored them for making bullish bets in pursuit of mammoth gains. Their relatively low cost—with just one contract covering 100 shares—has lured many into the market, with activity rising to a fever pitch in recent sessions.<blockquote>看涨期权期权允许投资者有权在未来以设定价格购买股票，其交易量尤其大。互联网交易员和其他人青睐他们进行看涨押注以追求巨额收益。它们相对较低的成本（仅一份合约涵盖100股）吸引了许多人进入市场，最近几个交易日的交易活动达到了白热化。</blockquote>Traders last week spent $11.6 billion on options contracts tied to AMC, more than on the SPDR S&amp;P 500 ETF Trust, Invesco QQQ Trust and Tesla Inc. combined, according toCboe Global Marketsdata. Options on those stocks are typically among the market’s most popular.<blockquote>根据Cboe Global MarketsData的数据，交易员上周在与AMC相关的期权合约上花费了116亿美元，超过了SPDR标普500 ETF信托、景顺QQQ信托和特斯拉的总和。这些股票的期权通常是市场上最受欢迎的期权之一。</blockquote>The recent activity in meme stock options underscores investors’ fear of missing out on the surges. Many traders were positioning for even greater gains in AMC shares. The stock soared 83% last week, surpassing its record hit six years ago. Some of the most popular options contracts on AMC have been bullish calls pegged to shares jumping to $145 or $100.<blockquote>最近meme股票期权的活动凸显了投资者担心错过飙升的机会。许多交易员都在为AMC股票的更大涨幅做好准备。该股上周飙升83%，超过了六年前创下的历史新高。AMC上一些最受欢迎的期权合约一直看涨评级，与股价跃升至145美元或100美元挂钩。</blockquote><img src=\"https://static.tigerbbs.com/8abe3eaccc4237bfb46889ef3d07e51b\" tg-width=\"331\" tg-height=\"430\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/59e2e6b2c8e0a31c64a805bbe095f883\" tg-width=\"359\" tg-height=\"421\" referrerpolicy=\"no-referrer\">The stock surged another 15% Monday to start the week and settled at $55, bringing gains for the year to 2494%. Other retail favorites such as GameStop,BlackBerryLtd.andKossCorp.also rallied.<blockquote>该股周一开盘又飙升15%，收于55美元，年内涨幅达到2494%。游戏驿站、黑莓(BlackBerryLtd.andKossCorp.)等其他零售巨头也出现反弹。</blockquote>“The perceived risk is not that AMC is going to go down to $10. The risk that everybody is worried about is AMC going up to $1000,” said Henry Schwartz, head of product intelligence at Cboe Global Markets. “It does kind of challenge all the normal assumptions that especially professionals tend to make.”<blockquote>芝加哥期权交易所全球市场产品情报主管亨利·施瓦茨(Henry Schwartz)表示：“人们认为的风险不是AMC会跌至10美元。每个人都担心的风险是AMC会涨至1000美元。”“它确实挑战了所有正常的假设，尤其是专业人士倾向于做出的假设。”</blockquote>The options-trading activity at times canstoke bigger moves in the shares themselves, traders say, exacerbating swings. The intense activity in meme stocks has also overturned dynamics within the world of options and volatility trading.<blockquote>交易员表示，期权交易活动有时会引发股票本身的更大波动，加剧波动。模因股票的激烈活动也颠覆了期权和波动性交易领域的动态。</blockquote>Market volatility is a key input to pricing options. The higher the volatility, the pricier options can be: If a stock is recording more extreme swings, that increases the chances the options will pay out. Implied volatility, a measure of how turbulent traders expect stocks to be over a given time frame, typically drops as stocks go up,and climbs when they fall.<blockquote>市场波动是期权定价的关键输入。波动性越高，期权的价格就越高：如果股票出现更极端的波动，就会增加期权支付的机会。隐含波动率是衡量交易者预期股票在给定时间范围内波动程度的指标，通常随着股票上涨而下降，随着股票下跌而上升。</blockquote>Some of the meme stocks have defied those expectations. As AMC share prices hit a record last week, implied volatility for the stock jumped to the highest level in around four months, according to Susquehanna Financial Group. Meanwhile, expected swings in GameStop and BlackBerry hit the highest levels in months—even as the stocks surged.<blockquote>一些模因股票超出了这些预期。Susquehanna Financial Group表示，随着AMC股价上周创下历史新高，该股的隐含波动率跃升至约四个月来的最高水平。与此同时，游戏驿站和黑莓的预期波动达到了几个月来的最高水平——尽管股市飙升。</blockquote>“If the market crashed tomorrow, would things get quieter or they’d go crazy? Well, they’d get more crazy, that spooks everybody,” Mr. Schwartz said. “What happens in these meme stocks is they also get much more volatile when the stocks go up.”<blockquote>“如果明天市场崩盘，事情会变得安静还是会变得疯狂？嗯，他们会变得更加疯狂，这让每个人都感到害怕，”施瓦茨先生说。“这些模因股票的情况是，当股票上涨时，它们的波动性也会变得更大。”</blockquote>And typically, investors pay more to protect themselves from stock declines than they do for bullish wagers. That hasn’t been the case at times in meme stocks and a handful of other bets over the past year, like some special-purpose acquisition companies, analysts said.<blockquote>通常情况下，与看涨押注相比，投资者为保护自己免受股市下跌的影响支付更多费用。分析师表示，过去一年，模因股票和其他一些押注（例如一些特殊目的收购公司）的情况有时并非如此。</blockquote>“These traditional relationships between volatility and stocks have been turned on their heads in meme stocks,” said Chris Murphy, co-head of derivatives strategy at Susquehanna.<blockquote>Susquehanna衍生品策略联席主管克里斯·墨菲(Chris Murphy)表示：“波动性与股票之间的这些传统关系在模因股票中被颠覆了。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.wsj.com/articles/amc-other-meme-stocks-turn-options-market-upside-down-11623144602?mod=hp_lead_pos2\">The Wall Street Journal</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF","AMC":"AMC院线",".DJI":"道琼斯","GME":"游戏驿站",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/amc-other-meme-stocks-turn-options-market-upside-down-11623144602?mod=hp_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190015891","content_text":"Flurry of activity in meme-stock options underscores investors’ fear of missing out on surges.Themeteoric rally in meme stockssuch asAMC Entertainment HoldingsInc.AMC14.80%andGameStopCorp.GME12.74%has unleashed a burst of options trading, upending traditional dynamics in the market for stock bets.The rush into the stocks coincided with frenzied trading for options—contracts that allow investors to bet on price moves in stocks or protect their portfolios. The once-obscure corner of the market has boomed this year like never before, with many new investors trying their hands during the pandemic shutdowns.The complicated contracts can be risky to use but have mushroomed into a feature of the meme mania this year. Some individual investors have said that they aredrawn to the thrillof options trading, happy to take on higher risks for the prospect of big payouts. They have used the bets to turbocharge their positions, eager to ride the relentless momentum in stocks like GameStop and AMC.Call options, which allow investors the right to purchase stocks at a set price in the future, have recorded particularly heavy trading. Internet traders and others have favored them for making bullish bets in pursuit of mammoth gains. Their relatively low cost—with just one contract covering 100 shares—has lured many into the market, with activity rising to a fever pitch in recent sessions.Traders last week spent $11.6 billion on options contracts tied to AMC, more than on the SPDR S&P 500 ETF Trust, Invesco QQQ Trust and Tesla Inc. combined, according toCboe Global Marketsdata. Options on those stocks are typically among the market’s most popular.The recent activity in meme stock options underscores investors’ fear of missing out on the surges. Many traders were positioning for even greater gains in AMC shares. The stock soared 83% last week, surpassing its record hit six years ago. Some of the most popular options contracts on AMC have been bullish calls pegged to shares jumping to $145 or $100.The stock surged another 15% Monday to start the week and settled at $55, bringing gains for the year to 2494%. Other retail favorites such as GameStop,BlackBerryLtd.andKossCorp.also rallied.“The perceived risk is not that AMC is going to go down to $10. The risk that everybody is worried about is AMC going up to $1000,” said Henry Schwartz, head of product intelligence at Cboe Global Markets. “It does kind of challenge all the normal assumptions that especially professionals tend to make.”The options-trading activity at times canstoke bigger moves in the shares themselves, traders say, exacerbating swings. The intense activity in meme stocks has also overturned dynamics within the world of options and volatility trading.Market volatility is a key input to pricing options. The higher the volatility, the pricier options can be: If a stock is recording more extreme swings, that increases the chances the options will pay out. Implied volatility, a measure of how turbulent traders expect stocks to be over a given time frame, typically drops as stocks go up,and climbs when they fall.Some of the meme stocks have defied those expectations. As AMC share prices hit a record last week, implied volatility for the stock jumped to the highest level in around four months, according to Susquehanna Financial Group. Meanwhile, expected swings in GameStop and BlackBerry hit the highest levels in months—even as the stocks surged.“If the market crashed tomorrow, would things get quieter or they’d go crazy? Well, they’d get more crazy, that spooks everybody,” Mr. Schwartz said. “What happens in these meme stocks is they also get much more volatile when the stocks go up.”And typically, investors pay more to protect themselves from stock declines than they do for bullish wagers. That hasn’t been the case at times in meme stocks and a handful of other bets over the past year, like some special-purpose acquisition companies, analysts said.“These traditional relationships between volatility and stocks have been turned on their heads in meme stocks,” said Chris Murphy, co-head of derivatives strategy at Susquehanna.","news_type":1,"symbols_score_info":{".IXIC":0.9,"GME":0.9,".SPX":0.9,".DJI":0.9,"AMC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":592,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/117482163"}