At DanielleFong on Twitter is doing a crazy YOLO with daily updates. As of today she has nearly $2 million of $200 strike SPY puts expiring in June.
in case you are wondering, yes this is what a good day looks like. pic.twitter.com/PdEsvS2eQ3
— Danielle Fong is investing in Covid-19 Antivirals (@DanielleFong) April 6, 2020
Have been following the story for awhile and she started with much less, about $200k from the sale of her family’s Chinese restaurant and plowed it into $SPY puts back in February on anticipation of COVID, which at market trough were worth about $7 million.
Some traders sold me, for 20 cents, the right to sell them 100, SP500 indices for $200. I bought 25000 of these!
— Danielle Fong is investing in Covid-19 Antivirals (@DanielleFong) February 21, 2020
If you Google her she founded a company that raised $80 million from Bill Gates and Peter Thiel… and it didn’t work out. It seems like she has been trying to write her second act by parlaying her options profits into investing in Corona-chan anti-virals.
Just thought you’d all want to see this high stakes YOLO to follow along the next few months. She is super bearish on the markets right now because of Corona and just putting obscene money on OTM puts…
It’s entertaining and she’s either going to get rich as hell or go out in a blaze of glory.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.