Investment & Investing

(GME) From Roaring Kitty article:

The suit was filed by the securities class action firm H. Berman Sobol Shapiro on behalf of Christian Iovin of Washington state and similarly situated individuals. Iovin sold $200,000 worth of call options on GameStop shares when the stock was below $100. The stock quickly eclipsed $400 a share, forcing him to buy the calls back at elevated prices.

Turns out that’s what happens when you upset the establishment and use their own rules to make massive gains at their expense.