Reddit trader behind GameStop rally says he lost $13M in one day

Not only does he own 50,000 shares at a cost average of 15 but also had 500 calls he bought for .20 cents each that at one point were worth north of 100.
Believe they said he had over $30,000,000 in profits at the height of gamestops euphoria. Now the stock getting swallowed up.
 
S2007S said:
Not only does he own 50,000 shares at a cost average of 15 but also had 500 calls he bought for .20 cents each that at one point were worth north of 100.
Believe they said he had over $30,000,000 in profits at the height of gamestops euphoria. Now the stock getting swallowed up.
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$55 mil.
 
Scataphagos said:
He didn't want to sell @ $480, but he's holding @ $80?. Does he expect another squeeze attempt... to, like you know, $1,000?

Last summer the investment community was thinking GME wasn't worth squadouche... and was headed the way of "Blockbuster redux".
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Never know. Anything is possible. But for it to happen, they need to trade with brokers that do not restrict buying. It's the restriction on buying that killed the rally.
 
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