HOOKIPA Pharma Inc. is a clinical-stage biopharmaceutical company developing a new class of immunotherapeutics based on its proprietary arenavirus platform that reprograms the body's immune system.
He agreed to buy 225 contracts at $320 and bought the right to buy at $290, earning a credit because of the difference in premium. Someone lost money by paying a high premium for the $320 put and exercised it, meaning OP is on the hook for $7.2M. His broker will loan him the money and force him to exercise his purchased puts, so OP owes $675k. OP gained roughly $675k in credit, so his end loss is about $300 bucks plus the interest on a weekend margin loan of $7.2M, so he loses a few thousand bucks. Not a big deal for him but it makes for a hilarious post that gets a lot of clicks and comments.
I mean thats going to depend on what the stock does overnight and at open, because one half of the trade is closed he is on the hook for the other half.
You do realise the pump n dump is over right, why you going in now ? This is like trying to hook up with a ho after knowing the whole town has had a run and she now has aids