the fix for wall street

 When the Gamestop stock price exploded, then dropped like a rock, I started the draft of this post. I don't have any Gamestop stock. It's one of those cases where you wish you knew it would explode in value before it did so you could buy stock and then sell it at the high.

Anyway, I do have some small investments in other stocks. Personally I think you should only buy stock in a company that you want to have ownership in, which is what stock is.

Unfortunately most people use stocks more like gambling where they bet money on some company's stock.

In my opinion, the absolute worst culprit for stock market gambling is options trading. I'm sure there are those who will disagree. But when I've looked into options it seems more like it was created for financial institutions to make money. They get fees with options trading. 

And it's not right that someone can essentially borrow a stock from somebody else, without that person knowing or even approving the borrowing, and then make money on it and the broker facilitating the option also gets money (fees) on the trade.

But, like gambling, most people don't make much, if any, money on option trading. At least that's my understanding. Just like gambling, it's basically rigged to favor the house.

That's why when the WallStreetBets Reddit Gamestop stock explosion happened it ruffled a lot of feathers.

Here's my proposed fix. Option trading needs to be illegal. That or else it needs to be seriously regulated where an owner of stock needs to opt-in to allow his/her stock to be used by others in option trading and the owner of the stock should get a portion of the fee collected by the broker/financial institution.

I also think the increase in options has led to higher and higher stock prices, which I'll admit is nice if I own the stock already, but it makes me a little nervous that we're getting more into bubble territory.

Remember the waring about speculation (https://fulnessoftimes.blogspot.com/2016/10/the-test-that-is-coming-is-here.html)...well, options trading is fueling speculation.