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To: robert b furman who wrote (38246)	1/30/2021 10:19:20 AM
From: skinowski	Respond to of 41715

Not all players were small traders, that’s for sure. In some way or other, some serious money must have joined the game. As far as brokerages go, they must be prepared for such things. I hope mine are. They should have instantly liquidated all shorts that no longer had adequate margin. As simple as that. By procrastinating, they created the whole mess. The hedge funds that got caught have lost more than they should have - and will likely go bankrupt - and so will RobinHood. I read that some hedge fund has ownership interest in RobinHood. Also read that the fund which shorted the most was a market maker for one or more of the stocks involved. Not sure how reliable that is. But, it’s possible that there were major conflicts of interest which may have caused hesitation and added to the problem.

To: robert b furman who wrote (38246)	1/30/2021 1:33:53 PM
From: skinowski	Read Replies (1) \| Respond to of 41715

I think this is very bullish - for stocks with a large call open interest. Huge amounts of money spent on calls - and each call will have to be hedged through purchases of the underlying stock. Back when option sellers used to protect the price - trying to prevent their sold options from moving into the money, this would be bearish. Not now. Now, they don’t care - they’re hedged. So, large call open interest will tend to “pull” the price up. This is beyond optimism, euphoria, or even bubble. It is an all-out mania. Despite the largest losses in months, small options traders nearly DOUBLED the amount of money they spent on buying calls to open last week. That's more than $44 billion this month alone. pic.twitter.com/DAmywEug4f — SentimenTrader (@sentimentrader) January 30, 2021 The overwhelming amount of volume was in the largest stocks like AAPL, TSLA. — SentimenTrader (@sentimentrader) January 30, 2021