Chamath Palihapitiya Buys GameStop Calls, Bets On Shares Hitting $115

The so-called SPAC King and noted investor Chamath Palihapitiya is joining the retail frenzy.

What Happened: Palihapitiya shared on Twitter that he bought calls in GameStop Corp GME. He bought 50 calls of GameStop with a strike price of $115 hit in February.

The purchase came after Palihapitiya asked his Twitter followers which company he should buy adding the quote “ride or die.”

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GameStop shares have traded wildly over the last week in a battle between short sellers and retail traders. 

Palihapitiya did not respond when reached for comment.

GME Price Action: Shares of GameStop are up another 16% to $89.50. Shares hit highs of $159.18 on Monday.