Not going to comment on the substance here, but just smirk slightly at the plaintiff being someone who bought calls at $100 just as the roller-coaster was headed up. I am sure there is some appropriate phrase that is the similar to 'never try to catch a falling knife' when it comes to amateurs thinking they can time the collapse of a squeeze bubble.
Actually, it seems the plaintiff sold calls at $100 and then had to buy them back at a higher price.
Right, the equivalent folklore saying about selling options is "picking up pennies in front of a steam roller". Looks like the plaintiff got steam rolled.
Sore loser it seems, but it's hard to judge the merit of a case without seeing the details.
Looks like it was too good to be true. This was never a David vs the hedge funds situation.
But it does speak to how powerful one person's voice can be amplified by social media. Even 10 years ago one person could not have done this.
To me Twitter seems to be the strongest amplifier since it's so easy for news reporters to pick a story and go with it. It's the perfect fountain of stories for them to pick from for theirs daily deadline.