‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
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‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
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Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#2Great, sounds like more material is coming for the movies.
Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#3"The would-be plaintiff representing investors in the case, Christian Iovin of Washington state, 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."
He's being sued by someone who sold naked call options and got burned. This case is going nowhere.
I'd love to start suing people for every time I take a loss while trading.
Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#4The lead plaintiff of the lawsuit sold $200K in call options with a $100 strike, and got cleaned out by a margin call when the stock hit $400.
There is no cure for stupid.
Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#5"The would-be plaintiff representing investors in the case, Christian Iovin of Washington state, 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." He's being sued by someone who sold naked call options and got burned. This case is going nowhere. I'd love to start suing people for every t…
Who in 2021 thought naked calls are a good idea?
Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#6"The would-be plaintiff representing investors in the case, Christian Iovin of Washington state, 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." He's being sued by someone who sold naked call options and got burned. This case is going nowhere. I'd love to start suing people for every t…
You can, this is America :)
You may not always win though.
Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#7Is this why people want to be able to stay anonymous on the Internet, I wonder?
Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#8"The would-be plaintiff representing investors in the case, Christian Iovin of Washington state, 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." He's being sued by someone who sold naked call options and got burned. This case is going nowhere. I'd love to start suing people for every t…
Who in 2021 thought naked calls are a good idea?
A lot of people who think that buying puts is ,,too expensive''.
Nassim Taleb made money by understanding that out of money call options were underpriced, not overpriced how people think generally. People don't learn from the past.
Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#9"The would-be plaintiff representing investors in the case, Christian Iovin of Washington state, 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." He's being sued by someone who sold naked call options and got burned. This case is going nowhere. I'd love to start suing people for every t…
Who in 2021 thought naked calls are a good idea?
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Re: ‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
#10"The would-be plaintiff representing investors in the case, Christian Iovin of Washington state, 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." He's being sued by someone who sold naked call options and got burned. This case is going nowhere. I'd love to start suing people for every t…
Selling naked call options on a meme stock no less(assuming he sold them after the Reddit hype train started).
Also selling 200k worth meant he would have made it out like a bandit if the bet succeeded. I wonder what his net worth is if the broker allowed him to be leveraged so much?