He'd make more just buying monthly calls of AAPL and AMZN.
Options speculation is arguably even stupider than buying bitcoin.
Not at all. You just don't know how to do it properly. Beats having 200k+ in bitcoin.
LMAO As someone with a degree in finance and who has been trading since I was 17, I find that statement hilarious. Excluding covered calls, unless you are using options to hedge portfolio risk, you might as well just go to vegas (or buy bitcoin).
Maybe you should go back to school then. 200k in bitcoin is grade A moron.
And putting $200k in a monthly derivative contract that will expire worthless in 3 weeks unless there is a massive upswing in the market is better? Give me a break. That is stupid on a normal day, but even worse in the currently overvalued climate.
Why would you put all of 200k into monthly calls when the potential for return is far greater? Massive uptick? Since when is 1% massive?
Spoken like someone who doesn't know what they're talking about. Also lmao at the 25% drop in bitcoin in a week.