‘Meme Stock’-Mania Accelerates Pre-Market

Several heavily-watched so-called ‘meme stocks’ are higher in the pre-market after yesterday’s late-day gamma squeeze in GME (and AMC among others).

The resurgence in bullish sentiment towards several of the WSB-Short-Squeeze favorites is extreme…

GME is up over 70% in the pre-market

AMC is up 15-20% in the pre-market…

Pot stocks (also notably discussed on Reddit) are also bid with Sundial Growers up over 10%…

Given the surge in implied vols and the chaos into the close last night, we wonder how much knock-on effect this latest short-squeeze will have on hedge funds (and if there will be a need to delever once again)?