A few days ago, I did a post called Old Grandad which related the tale of a young man who took his entire $1.2 million inheritance, shoved it into the “sure thing” of March 21 $40 calls on DJT, and promptly lost $500,000.
In the bizarre video he did, which was sort of a financial sadomasochism kink-fest, he was crying that the options had crumbled in value to about $5.05. People BEGGED him to take his losses and be done with it, but he steadfastly refused.
Well, I just looked, and that $5.05 would look awfully good right now. The current bid on the option is $1.45, less than a third of its value during the freak-out video. In other words, his $500,000 loss has blossomed to over $1,000,000. Notice how much bigger the open interest is than the other strikes? Yeah, that’s him.
Because, let’s face it, DJT stock is dog poo.
Has our hero changed his mind? Nope. He seems sickeningly proud to stand his ground, suggesting he has embraced the Bushido ethical code of ancient warriors.
What a weirdo.
