In October, Blake Werner, a 20-year-old sophomore at the University of Arkansas, saw a highly speculative trade he made in the market go his way. Werner had put up $26,500 on a call option on a leveraged exchange-traded fund that bet against the biggest companies in the Chinese stock market. It had gained nearly 74% in value.
Werner’s investment had grown to $46,000 and he wanted to let people know about the success. So Werner posted a screen shot of his brokerage account on Reddit’s WallStreetBets social-media forum, showing the details of the trade and his total account balance standing at $133,565.
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