As options become more complex and positions become more extreme, Wall Street institutional players (French quants, prop trading shops) are increasingly the marginal movers, not retail investors, despite superficial appearances of retail mania around Micro Strategy and other stocks.

factualpending

Speaker

Brent Kachuba

Evidence Quote

“it starts to become a professional institutional game right...not really you know Johnny retail driving this thing anymore”

Source

Tesla, MicroStrategy and An Inside Look at the Biggest Options Expiration in Market History— Excess Returns
Created: 8/11/2026, 8:03:54 AM

My Notes

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