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coinpedia 2024-05-22 13:05:47

Trader Turns $27,000 into $2 million Amidst GameStop Frenzy

The post Trader Turns $27,000 into $2 million Amidst GameStop Frenzy appeared first on Coinpedia Fintech News An anonymous trader made phenomenal profits by purchasing $25 call options on GameStop at an average price of $0.21, spending $27,000 on the contracts. His investment paid off significantly when the price of each call option soared to $48.75 on May 13, resulting in an unprecedented 6400% return. His initial $27,000 investment turned into an …

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