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by DevKoala
1840 days ago
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They didn’t buy stock, they bought option calls which use leverage to profit massively of small movements in the ticker. They are incredibly risky, and Nancy’s husband bet between 500k and $1M on them, which means that if the trade had gone sour, they could have lost that immediately. That’s WallStreetBets levels of gambling, and a strange behavior for an otherwise safe trader. Also, AFAIK there has been no update on whether those calls are still open or closed. They could have sold the covered calls already at a massive profit before the stock started to tank. |
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