> He bought 4 different types of options that gave him a $300k credit. At the end of expiration like 2 years from now, he would've collected $40k or $50k. The way he bought it was set up like a hedge, so it didn't matter if the stock went up or down because he had options that covered him no matter what.
But then 283 of those options were exercised by the guy on the other end of his trade meaning he had to come up with 28,300 shares of that stock which he didn't have. I guess then Robinhood took the liberty of exercising his call options to pay for the options that got exercised from him a…