"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.
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.