Business
Bill Gross made $13m betting against GameStop – afr.com
It wasn’t just retail traders who cashed in big during the GameStop stock mania – the legendary billionaire investor also made a minor killing shorting the shares….
Amid that mania, Gross took a shot to bet against the shares: I got in with options like a good Robinhood trader, I guess.
Hes not done yet.
Im still selling call options at $US250 and $US300 ($323 and $388), said Gross. I think this is the perfect opportunity for options sellers, not buyers, to take advantage.
Gross was largely known for his bond bets after four decades at Pimco, which he built into one of the worlds largest asset managers.
For years, he generated industry-leading returns as manager…
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