How to Lose $150K in One Week in the Stock Market

He knew that such risk-taking is against any financial advice…

Photo by Aditya Vyas on Unsplash

In December 2019 a friend of mine started shorting S&P 500 by buying put options (he had no previous experience with options trading). In other words, he was betting that the US stock market will go down. He believed that COVID-19 will spread around the world and the US…