{"id":204545,"date":"2021-03-17T18:42:00","date_gmt":"2021-03-17T15:42:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bond-king-bill-gross-says-he-made-10-million-shorting-gamestop\/"},"modified":"2021-03-17T18:42:00","modified_gmt":"2021-03-17T15:42:00","slug":"bond-king-bill-gross-says-he-made-10-million-shorting-gamestop","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bond-king-bill-gross-says-he-made-10-million-shorting-gamestop\/","title":{"rendered":"#\n  Bond king Bill Gross says he made $10 million shorting GameStop"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d3f7937a10\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d3f7937a10\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-king-bill-gross-says-he-made-10-million-shorting-gamestop\/#Former_bond_king_is_also_shorting_Treasurys\" >Former bond king is also shorting Treasurys<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-king-bill-gross-says-he-made-10-million-shorting-gamestop\/#Barbara_Kollmeyer\" >Barbara Kollmeyer<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Bond king Bill Gross says he made $10 million shorting <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Former_bond_king_is_also_shorting_Treasurys\"><\/span>\n  Former bond king is also shorting Treasurys<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000201965\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       The phrase \u201cdon\u2019t try this at home\u201d was possibly made for moments like this. <\/p>\n<p> Bond king and Pacific Investment Management Co-founder Bill Gross said he made $10 million shorting videogames retailer GameStop\u2019s<br \/>\n        GME,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203755179\/composite\" class=\"positive\">+6.19%<\/bg-quote><br \/>\n       stock during the retail frenzy for the shares earlier this year but not before the retired billionaire lost several million dollars.  <\/p>\n<div class=\"paywall\">\n       He explained to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2021-03-16\/bill-gross-says-he-made-millions-shorting-gamestop-video\" class=\"icon none\"> Bloomberg Television in an interview <\/a>on Tuesday how that trade went down. \u201cI got in too early. I got in with options like a good Robin Hood trader, I guess..and sold calls at around the $150, $200 level,\u201d said Gross, who added that then shares went up to $400. <\/p>\n<p>\u201cI did manage to overcome my insecurities and ride it all the way back down in terms of getting out,\u201d said Gross. \u201cI was in the hole by about $10 million, but I\u2019m about the same amount above ground.\u201d<\/p>\n<p>A call option is a financial instrument that gives the holder the right, but not the obligation to buy an underlying security at a set price, known as the strike price, meaning that Gross would have been obliged to buy the stock at a higher price than he sold it when the option was exercised. <\/p>\n<p>Gross said he\u2019s still  got back into GameStop shares and is still selling call options at the $250 and $300 per share level. If those shares exceed those levels, the billionaire could find himself losing money again. \u201cThe volatility is super high and that promotes an ability to make some money,\u201d he said.  <\/p>\n<p>Indeed, GameStop shares have been the target of short sellers this year, battling in part individual investors organized by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a>\u2019s WallStreetBets crowds. The drama has sparked an investigation in Congress, which continues Wednesday, into the short squeeze of GameStop, AMC Entertainment<br \/>\n        AMC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200235402\/composite\" class=\"positive\">+1.15%<\/bg-quote><br \/>\n       and other shares.<\/p>\n<p><strong>Read: <\/strong>GameStop Round 2? How an options-buying frenzy is providing another jolt to meme stocks<\/p>\n<p>Shares of GameStop started the year at $18, surged to over $300 late January at the height of the frenzy, dropped to $40, then more recently climbed back up toward the $200 level.  Shares are up more than 1,000% year-to-date, but this week alone have lost 21%.<\/p>\n<p>Gross retired from his post-PIMCO gig as a portfolio manager at Janus Henderson in 2019 and now focuses on managing his charitable foundation. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Once in charge of the world\u2019s biggest bond fund, Gross also told Bloomberg he was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-16\/bill-gross-says-he-s-short-treasuries-expecting-3-4-inflation?sref=acfjrZ8Z\" class=\"icon none\">betting against U.S. Treasurys bonds<\/a>, saying he expects inflation will not drop below 2% in the months ahead, but hover more at 3% to 4%. The yield on 10-Year Treasurys<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.667%<\/bg-quote><br \/>\n       have climbed to levels not seen in  more than a year as investors expect strong economic reopenings in the U.S., boosted by vaccines. <\/p>\n<p>Gross\u2019s inflation call chimes with analysts who say part of the inflationary surge set to take place this year would be due to so-called base effects, when weaker months of inflation were phased out from yearly measures as time passed, leading to mechanically higher price levels. <\/p>\n<p>This phenomenon would take effect during the next few months when the deflationary hit from the coronavirus pandemic last year is removed from the annual inflation measures reported by the U.S. Labor Department.<\/p>\n<p><em>Sunny Oh contributed to this report.<\/em><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Barbara Kollmeyer\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Barbara_Kollmeyer\"><\/span>Barbara Kollmeyer<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Bond king and Pacific Investment Management Co-founder Bill Gross said he made $10 million shorting videogames retailer GameStop\u2019s GME, +6.19% stock&#8230;<\/p>\n","protected":false},"author":1,"featured_media":204546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-204545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/204545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=204545"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/204545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/204546"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=204545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=204545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=204545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}