'Anyone Not Buying Gold Hates Money': WSB Trader Turns $4 GLD Options Into $51K as 'Shiny Rocks' Bet Pays Off | Metals Mine

  • 'Anyone Not Buying Gold Hates Money': WSB Trader Turns $4 GLD Options Into $51K as 'Shiny Rocks' Bet Pays Off

    From finance.yahoo.com

    A WallStreetBets trader drew attention after posting a screenshot showing a massive win on gold-linked options, turning low-cost calls on the SPDR Gold Shares ETF (NYSE:GLD) into more than $51,000. The position, which the trader called "Getting My Shiny Rocks Off," shows 40 call contracts purchased at an average cost of $4.01 and later valued at $13.51, producing a gain of more than $35,000, or roughly 220%. In the comments, one user summed up the bullish mood, saying, "Anyone not buying and holding gold through this clown show of an administration genuinely hates money." The original poster agreed, adding that ... (full story)

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