No way, it was 100% showing his unrealized loss/gain. If he was that negative his investing total would have shown that. You can easily be -$ millions by buying spy contracts.

Example. Spy stick is at $310, You buy 100 spy calls with a strike price of $320 for $2 premium each ($20,000). Spy takes a little dip that day, and drops to $305. Assuming theta is -.5 for shits and giggles, let’s assume now that those same contracts, due to spy’s dip and theta drops the premium to $1 each (-$10,000).

However, in this case, let’s say he wants to exercise the options, when spy is at $305. Due to the strike of $320 being bought, if exercised, that’s a $15 loss per share (not including premium $2 or $200 for each 100 shares, equaling $2 additional loss) per share. That $15 +$2 = $17 lost per share, x 100 contracts (10,000 shares). Now do the math. 10,000 shares multiplied by $17 per share is an unrealized loss of ($170,000) or the actual realized loss of $10,000 (assuming guy cuts loss per contract at $1).

You can easily hit $700,000 if you have 400 spy contracts, or way outta the money options, it’s math, not a glitch. They were showing his unrealized loss, not actual loss.