Welcome to the stonk market
Mădălin Mihai
In February, a quant fund called Cindicator Capital posted a job listing for someone with three years of trading experience — and at least 1,000 karma on r/WallStreetBets. “Important: NO higher education in economics or finance,” the listing said. Most of the time on the job would be spent on Reddit, Twitter, and Discord, finding out what retail traders are up to. Among the job duties listed: “opening six-figures OTM [out-of-the-money] options trades with the firm’s own capital” and “trying
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