### Comment:
He didn't buy stocks, he bought options (puts/calls). I don't do them and don't understand the details yet, but it's betting the stock will go down or up for a higher risk but higher reward. 
  
 And to anyone who replies you don't have to understand options to do options trading... I suppose this sub is proof you ain't wrong.

### REPLY:
One contract controls 100 shares. 500 contracts controls 50,000 shares. 50,000 shares he has the “option” to buy or sell if he doesn’t have the capital (1.5mil ?) so he can sell his contracts before expiration instead of buying 50,000 shares at 311. Maybe he gets $2.00 profit per share? It’s at 313.50 right now so maybe even 2.50 profit per share. Could make 75-150k if he sells now and nothing crazy happens. He probably made a 25k bet and it went his way this week.

### END.