/biz/ - Business & Finance

>>17094043
>>17094022
TL;DR: He found a cheap call contract for a retardedly high strike price with a short expiration date and bought several of them. The FOMO, short squeeze and short covering, and FED money made the underlying asset go up in price to (near) the retardedly strike price and thus made the contracts more desirable and higher in price. The mad lad made off like a bandit with all of the gains you see after he sold the contracts.

TL;DR on TL;DR: He went all in and YOLO'd and actually won.

>>17053333
Checked and kek'd.

>>16738320
On a semi-related note... can we all agree that the absolute state of Robin Hood charts is god awful? How will they ever recover?

>>16653370
Go to the CSPAN video archives and search for Lloyd Blankfein, Jamie Dimon, and other big bank executives of the time. Scroll down to videos from 2008, 2009, and 2010 to watch the hearings before congress and hear it from the source themselves. I don't like videos like the one you posted because they always feature a lefty journalist with an agenda to drive.