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.”

Lots of $GME talk soooooo....

We bought Feb $115 calls on $GME this morning.

Let’s gooooooo!!!!!!!! https://t.co/XhOKL1fgKN pic.twitter.com/rbcB3Igl15

— Chamath Palihapitiya (@chamath) January 26, 2021

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.