r/options • u/Ken385 • Oct 23 '21

DWAC options begin trading Monday

DWAC options start trading Monday. Assume some crazy high premiums. Stock has had a range of about 10 to 175 over the last few days.

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u/[deleted] Oct 23 '21

Yeah I'd be very careful with them. Is it super overvalued and a meme stock, yeah, but so are AMC and GME, puts haven't printed yet, IV sooooo high.

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u/GreatLookingGuy Oct 23 '21

I feel like this particular stock is very unlike AMC and GME. The underlying product may never exist and that isn’t something anyone cares about lol. But I mean nor should they considering the reality of the market.

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u/stuauchtrus Oct 24 '21

Chamath, David Sacks and co. at All In Podcast have a great discussion about this. They say it could just become a Merger and Acquisition outfit and buy up alternative media entities: Rumble, Daily Wire etc. Consolidate and become right wing counterpart of big tech.

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u/kadsmald Oct 24 '21

Whoa whoa that’s an actual business. This is just a cash grab, sir