GameStop

when

Frenzy

<p>The post <a href="https://coinpedia.org/crypto-live-news/trader-turns-27000-into-2-million-amidst-gamestop-frenzy/" rel="noopener noreferrer nofollow">Trader Turns $27,000 into $2 million Amidst GameStop Frenzy</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>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 outstanding $2 million amidst the renewed GameStop frenzy. This highlights the high potential rewards of options trading in favorable market conditions. GameStop has surged this month, jumping over 200% in the last 30 days. While this investment worked out well for this trader, 9 out of 10 people in the options market lost money.</p>

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

CoinPedia News

Other articles published on May 22, 2024

Henrik Zeberg Predicts Major Economic Downturn in 2025

3 reasons why Ethereum price looks ready to rally higher

A Deep Dive Into P2P

Binance to Delist Multiple Crypto Trading Pairs

Kelp DAO Secured $9M in a Private Token Sale Round

Cryptocurrency Polygon Decreases More Than 3% Within 24 hours

Join our free newsletter for daily crypto updates!