Turns Out Meme Stocks Have Basically Been Around Since 600 B.C.

The first-ever options trader discovered a key insight about the nature of risk — and how to profit from it

Thales of Miletus (640–546 BC), the philosopher, astronomer and geometer who identified water as the original substance and basis of the universe. Original Artwork: Engraving by Ambrose Tardieu, Photo: Hulton Archive/Getty Images)

An epic amount of ink has been spilled over the past few weeks about Reddit’s WallStreetBets and wild trading of options for meme stocks like GameStop. Much of this ink describes…