Reported 3 days ago
In the final days of the 2024 US election, columnist Rick Newman reflects on his losing bet against Trump's media company stock, despite the expectation that it would soar after Trump's victory. Newman bought a put option in anticipation of a stock price drop, but instead, the stock price lingered around $28 as his option expired worthless, resulting in a loss. However, he notes that his past gains in cryptocurrency and newfound understanding of options trading mitigated the financial impact of his misstep.
Source: YAHOO