He bought 50k of Out of The Money PUTs expiring next day. So he bet AAPL would go down. When market opened AAPL went up and his 50k options would expire worthless at the end of day.
To get the leveraged money he bought stock and sold CALLs against it. RH has a bug where they give you credit for the premium collected instead of reducing buying power.
To get the leveraged money he bought stock and sold CALLs against it. RH has a bug where they give you credit for the premium collected instead of reducing buying power.