He says he bought seven put contracts for $7.30 at the $185 strike. Absolute max profit, from CS going to -0, would be (185-7.3) x 7 X 100 = ~$125k.
I don’t know if the absolute amount of profit affects decisions here. It seems if he were more certain of what’s going on he would have bet a lot more.
> It seems if he were more certain of what’s going on he would have bet a lot more.
Outside of the HN bubble, $125K is already a pretty big sum of money to get all at once, and unlikely to bring too much scrutiny, if it was somehow not a coincident. Seems like a smart strategy, if the user was sitting on inside information and didn't want to ring too many alarm bells.
However posting on reddit about it, would not be such a smart strategy. I think it's genuinely just a coincidence, WSB gets plenty of worthless "DD" posts every day that end up amounting to nothing.
I don’t know if the absolute amount of profit affects decisions here. It seems if he were more certain of what’s going on he would have bet a lot more.