i think so, i don't even fuck with options
but you buy them cheap thinking the stock is going to go up, then you sell someone the
option of buying the stock at the original price you bought the option for or someshit, it's more complicated than that something called a strike price, like you can bet the stock is going to go up but if it doesn't go up enough or goes up way past the price you predicted i think you lose. it's literally a fucking casino game.
Quote:
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A call option strike price is the predetermined price at which the option holder can buy the underlying asset (like stock) if they choose to exercise their option. It's a key component of an option contract, alongside the expiration date. The strike price determines whether the call option is "in the money," "at the money," or "out of the money"
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so the AI company went up a bunch then people just bought the right to the stock from him, and it was more than just that trade my bad, he didn't turn 100k int 38mil he made 38mil total prior to election according to the article