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He Lost $295,000 on $FRC Puts - Even Though He Was RIGHT
I came across some news that I just had to share with you. Apparently, someone recently lost a whopping $295,000 betting on the collapse of First Republic Bank. And here's the kicker - they were actually right about the bank collapsing, but they still lost their money. Now, if you're scratching your head and wondering how that's even possible, then you're not alone. I mean, if you bet on something happening and it does happen, then you should be making money, right?
Well, turns out this guy made a major mistake somewhere along the way. So in this video, we're going to take a closer look at what went wrong and how he ended up losing all that money even though he was technically right. So if you're interested in learning more about the dos and don'ts of betting and investing, then keep watching.
Timecodes
0:00 Video Overview
0:36 Looking at Reddit Threads
1:15 The RED Flags
6:52 What Options Trading Reall Is
13:06 My Advice to Retail Investors
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