Kass: it’s time to introduce a financial transaction tax and end weekly stock options

Kass: it's time to introduce a financial transaction tax and end weekly stock options

Speculation has been present in our markets since the dawn of time. Nothing new there.

But manipulative practices are ruining our markets – and options markets have become the straw that stirs the drink of today’s speculative activity.

The speculation gewgaws – GameStop (GME) and Koss (KOSS) – have climbed higher to some extent due to the manipulation of our (options) markets by a small cabal of traders.

As explained (below) by Jim “El Capitan” Cramer, the short-term (weekly) call options activity is the tail wagging the price of GME’s stock and dog.

“To make a stock move, you have to get the people who make orderly markets, the options markets, to get caught…

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