Just put down the grilled oysters in my hands, glanced at
$LAB , and it went from 9.04 down to 0.145—straight to locking in 1,937% in profit. This trade is too classic. Back at dinner, I watched the order book and something felt off: above 9 bucks, all the orders were posted by retail traders, and the market maker never intended to take them. While the buzz was still there, I opened a 20x short at 9.04, betting that these people would wake up in the middle of the night and find their accounts in shock.
Sure enough, within a couple hours the liquidity dried up, and the price dropped like a wate