{"id":97906,"date":"2021-08-05T14:24:00","date_gmt":"2021-08-05T18:24:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=97906"},"modified":"2023-02-10T13:32:43","modified_gmt":"2023-02-10T18:32:43","slug":"few-diamond-hands-in-this-hood","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/few-diamond-hands-in-this-hood\/","title":{"rendered":"Few Diamond Hands in This HOOD"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The meme stock fraternity got a new member this week.&nbsp; Robinhood (HOOD) jumped nearly 25% on Tuesday, pushing it to close above its $38 IPO price for the first time.&nbsp; Then we saw some truly astounding moves yesterday, with the stock nearly doubling in the morning before closing \u201conly\u201d 50% higher.&nbsp; Today, we see shares declining on the news that insiders will be selling about 97 million shares.&nbsp; The following chart tells the story better than I can:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-hood-6-day-chart\">HOOD 6 Day Chart<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"650\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/sosnick_8-5-21_1-1100x650.jpeg\" alt=\"HOOD 6 Day Chart\" class=\"wp-image-97943 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/sosnick_8-5-21_1-1100x650.jpeg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/sosnick_8-5-21_1-700x413.jpeg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/sosnick_8-5-21_1-300x177.jpeg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/sosnick_8-5-21_1-768x454.jpeg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/sosnick_8-5-21_1.jpeg 1280w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/650;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Source: IBKR<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The news that propelled the shares seemed relatively mundane on the surface.&nbsp; The main reason for HOOD\u2019s stellar rise was that options were listed for the first time yesterday.&nbsp; Some traders certainly bought in advance of that development on Tuesday.&nbsp; It is also obvious that others were caught short on Wednesday, which would explain the spike shortly after the open.&nbsp; That said, there was clear demand for the shares at higher levels throughout the session.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The volumes in the shares and options were truly astounding.&nbsp; Over 175 million shares changed hands yesterday.&nbsp; That is over 3X the 55 million share float!&nbsp; Over 100,000 options contracts traded yesterday as well, with over 75,000 in the August 70 line alone.&nbsp; For much of the day those were out of the money calls, but the inexorable trading in those contracts \u2013 led by speculative buyers \u2013 eventually helped push the stock toward that level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The traders who bet on HOOD simply because options were coming to market and then later because there was heavy volume in above-market calls were using a playbook that worked when GameStop (GME) and AMC led earlier rounds of meme stock frenzies.&nbsp; The term \u201cgamma squeeze\u201d entered the financial parlance during those periods.&nbsp; That is the phenomenon that occurs if enough buying materializes in out of the money calls even as a stock is moving higher, it forces the sellers of those calls to buy increasing amounts of stock to hedge as the stock rises.&nbsp;&nbsp; (We explain the mechanics of a gamma squeeze in more detail <a href=\"\/campus\/traders-insight\/securities\/macro\/its-friday-might-we-see-another-spy-ramp-in-the-final-hour\/\">in this article<\/a>.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It doesn\u2019t surprise me in the least that HOOD became a meme stock (though I admit I neither warned nor took advantage of it).&nbsp; One of the defining characteristics of a meme stock is that it resonates with enough individual investors and chatroom devotees that a groundswell of enthusiasm could arise.&nbsp; When we consider that Robinhood was the vehicle that many individual traders used to ride the meme stock wave, of course it had the potential to become a meme unto itself.&nbsp; That said, yesterday\u2019s immense volume shows that it was not only individuals trading on HOOD that propelled the stock higher.&nbsp; With so much trading, there had to be institutional traders jumping into the fray as well.&nbsp; Furthermore, as of yesterday HOOD ranked as the 3<sup>rd<\/sup> most actively traded stock on the IBKR platform, jumping from 8<sup>th<\/sup> place the day before.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unfortunately, even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent advocates claim to have.&nbsp; While today\u2019s announcement seems to have caught many by surprise, the potential for substantial additional selling was spelled out clearly in the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001783879\/000162828021015656\/robinhoodresales-1.htm#i9b490c3968be4fd1b546d594577fc2f4_247\">company\u2019s S-1 filing<\/a>.&nbsp; It was a rather unusual arrangement.&nbsp; In short, the retail customers who were allowed to participate in the IPO <a href=\"https:\/\/www.reuters.com\/business\/robinhood-restrict-users-who-flip-ipo-shares-2021-06-24\/\">were dissuaded from selling for 60 days<\/a>, while employees were <a href=\"https:\/\/www.cnbc.com\/2021\/07\/28\/robinhood-starts-trading-thursday-heres-everything-investors-need-to-know.html\">allowed to sell almost immediately<\/a>.&nbsp; One may want to consider who was supposed to have the \u201cdiamond hands\u201d here.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the \u201cdiamond hands\u201d were not demonstrated by other meme stockholders.&nbsp; I keep a page of meme stocks on my TWS, and HOOD was the only one that traded higher.&nbsp; AMC was down 12% and GME was 5% lower.&nbsp; I can only conclude that some of the fervent \u201cHODLers\u201d were selling underperformers to chase the outperformer.&nbsp; This is not unusual behavior, to be sure, but it is at odds with the fervent beliefs offered in social media by many meme stock devotees.&nbsp; Today, with HOOD lower, it appears that some of the money is flowing back into the \u201ctraditional\u201d meme stocks.&nbsp; Are meme stock traders just like everyone else, only louder and more aggressive?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Every time we think the meme stock phenomenon is fading, as it was over the past few weeks, it seems to return anew.&nbsp; It\u2019s human nature.&nbsp; These have proven to be exciting and profitable trading opportunities, so of course traders would gravitate toward them using techniques that have proven successful.&nbsp; Speculation creates winners and losers, and we have seen a microcosm of that notion in HOOD in its short life as a public company so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent advocates claim to have.  <\/p>\n","protected":false},"author":4,"featured_media":97915,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[14700,6,19,8,9,22,26,3],"tags":[8092],"contributors-categories":[13576],"class_list":["post-97906","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ibkr-market-insights","category-north-america","category-options","category-region","category-securities","category-stocks","category-text-articles","category-traders-insight","tag-robinhood","contributors-categories-interactive-brokers"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Few Diamond Hands in This HOOD | Traders&#039; Insight<\/title>\n<meta name=\"description\" content=\"Even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/97906\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Few Diamond Hands in This HOOD | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent advocates claim to have.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-05T18:24:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-10T18:32:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/diamond-raw_featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Sosnick\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Sosnick\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Steve Sosnick\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\"\n\t            },\n\t            \"headline\": \"Few Diamond Hands in This HOOD\",\n\t            \"datePublished\": \"2021-08-05T18:24:00+00:00\",\n\t            \"dateModified\": \"2023-02-10T18:32:43+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/\"\n\t            },\n\t            \"wordCount\": 812,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/08\\\/diamond-raw_featured-img.jpg\",\n\t            \"keywords\": [\n\t                \"Robinhood\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"IBKR Insights\",\n\t                \"North America\",\n\t                \"Options\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/\",\n\t            \"name\": \"Few Diamond Hands in This HOOD | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/08\\\/diamond-raw_featured-img.jpg\",\n\t            \"datePublished\": \"2021-08-05T18:24:00+00:00\",\n\t            \"dateModified\": \"2023-02-10T18:32:43+00:00\",\n\t            \"description\": \"Even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent advocates claim to have.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/few-diamond-hands-in-this-hood\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/08\\\/diamond-raw_featured-img.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/08\\\/diamond-raw_featured-img.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 563\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/31988d9596575a63ddc53e92049a2549\",\n\t            \"name\": \"Steve Sosnick\",\n\t            \"description\": \"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.\",\n\t            \"sameAs\": [\n\t                \"https:\\\/\\\/ibkr.com\"\n\t            ],\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/steve-sosnick\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Few Diamond Hands in This HOOD | Traders' Insight","description":"Even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/97906\/","og_locale":"en_US","og_type":"article","og_title":"Few Diamond Hands in This HOOD | IBKR Campus US","og_description":"Even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent advocates claim to have.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/","og_site_name":"IBKR Campus US","article_published_time":"2021-08-05T18:24:00+00:00","article_modified_time":"2023-02-10T18:32:43+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/diamond-raw_featured-img.jpg","type":"image\/jpeg"}],"author":"Steve Sosnick","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Steve Sosnick","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/"},"author":{"name":"Steve Sosnick","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549"},"headline":"Few Diamond Hands in This HOOD","datePublished":"2021-08-05T18:24:00+00:00","dateModified":"2023-02-10T18:32:43+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/"},"wordCount":812,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/diamond-raw_featured-img.jpg","keywords":["Robinhood"],"articleSection":["IBKR Insights","North America","Options","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/","name":"Few Diamond Hands in This HOOD | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/diamond-raw_featured-img.jpg","datePublished":"2021-08-05T18:24:00+00:00","dateModified":"2023-02-10T18:32:43+00:00","description":"Even as HOOD morphed from a stock to a \u201cstonk\u201d, its largest holders failed to demonstrate the \u201cdiamond hands\u201d that meme stocks\u2019 most fervent advocates claim to have.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/few-diamond-hands-in-this-hood\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/diamond-raw_featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/diamond-raw_featured-img.jpg","width":1000,"height":563},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/31988d9596575a63ddc53e92049a2549","name":"Steve Sosnick","description":"Steve is the Chief Strategist at Interactive Brokers. He has held numerous roles in the organization since joining Timber Hill, IBKR\u2019s predecessor, in 1995 as Equity Risk Manager and an options market maker. He developed and implemented automated trading strategies for stocks and options before moving into his current role. Steve has guest authored several columns in Barron\u2019s and made numerous live on Bloomberg TV and Radio, CNBC, Yahoo Finance, Fox Business, and several other media outlets in North America, Asia, Australia, and the Middle East in addition to being quoted frequently in print and electronic media. Prior to joining Interactive Brokers, Sosnick held senior trading roles at Morgan Stanley, Lehman Brothers, and Salomon Brothers, where he completed the firm\u2019s famed training program.","sameAs":["https:\/\/ibkr.com"],"url":"https:\/\/www.interactivebrokers.com\/campus\/author\/steve-sosnick\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2021\/08\/diamond-raw_featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/97906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=97906"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/97906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/97915"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=97906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=97906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=97906"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=97906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}