One millennial options trader was killing it, then Facebook cost him $180,000

Dennis Cao, a 24-year-old software engineer with a penchant for risk, just got caught on the wrong side of Facebook’s historic plunge. He says it cost him $180,000, or almost 40% of his account.

Rather than slither away into the internet ether, Cao took his medicine on Reddit’s “WallStreetBets” forum, where he first announced his aggressively bullish, six-figure options play a few days earlier. He obviously didn’t bank on Facebook FB, -20.02% issuing a revenue warning and the carnage that would follow.

Cao on Thursday posted charts capturing the decline:

While some investors would understandably hole up in a dark corner clutching a bottle of bourbon, Cao is taking his losses in stride.

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