Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Wednesday, March 27th, and I'm your host, Kim Khan.

Our top story so far. Trump media is rallying again, but seeing the same volatility as its debut in the previous session.

This type of company, long-un personality and short on earnings, has sparked discussion of

a mean stocks renaissance.

An option activity indicates DJT could see the same kind of breakneck moves as Gainstop and AMC.

Trump media shares could see a gamma squeeze from heavy buying of deep out of the money call options.

Those options offer the right to buy at a much higher price than where the stock is currently trading for a low premium.

Those selling or writing the call are hoping the price will decline, but like shorting the downside can technically be limitless.

Investors who sell calls subsequently buy shares of the stock when it is rising to hedge their positions.

The double dose of demand for shares can result is once known as a gamma squeeze.

If you look at options for Trump media for expiration Thursday, March 28th, that's tomorrow,

the biggest bet is for shares to top 90 dollars.

That would be a gain of nearly 50% in one day. But pushing out the

date just a week shows a barest shift in options bets. The most popular near-term

options bet is for the April 19th 250 puts at a premium of 2 cents. Those

options would need a 96% drop from current levels in less than a month to be in

the money. In today's trading stocks are choppy in the absence of any market

moving data. The major averages are mixed with the Dowfaring the best. Treasury yields are

slightly lower. Looking at Q1 performance, Goldman's trading desk says,

the scores on the doors are stellar. Long-onlys, passive and active,

hedge funds, long short with net bias or multi-asset, systemic quant,, trend or stat arb, bottom line, most if not everyone has

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