Redditor makes $8M on a perfectly-timed $150k Tesla trade

Not much use posting this if most HN users can't actually read it.

This was from yesterday; trader claimed he had puts on the stock at its peak, and doubled-up from $4M to $8M

If this unsourced account is true, it must have been either heavily leveraged or an "accumulator" of a number of trades which had to come off perfectly. And with leverage you can lose more than you invest...