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Kentucky referee turned $25M profit on GameStop call options after a year of losses and perfect timing in 2021

Market News
04 Oct 2026
24/7 Wall Street
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Bullish
Kentucky referee turned $25M profit on GameStop call options after a year of losses and perfect timing in 2021

Mike McCaskill, a volleyball referee from Kentucky, started buying cheap weekly call options on GameStop in 2019 despite losing money for over a year. He recognized the stock's high short interest and held conviction through losses. In January 2021, after Ryan Cohen's involvement and media buzz, McCaskill made a large bet on $60 calls and sold near the peak at $347, netting around $25 million. His story highlights the importance of experience, patience, and disciplined exits in speculative trading.

GameStop trades at USD 24.70 on Pluang as of Oct 05, 2026 03:21 WIB, up 2.45% in the last day. The stock's market cap stands at $12.46 billion with a volume of 13,125,473 shares. Investors typically hold GameStop for about 61 days on Pluang, showing steady interest in the stock since the 2021 events.

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