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trading options: started as a hobby with a friend

trading options: started as a hobby with a friend, turned into a big mistake

COSTLY MISTAKES LEARNED TGComment

I remember the morning like it was yesterday. I woke up to a text from my friend; it was right around 7:30 AM PDT. The text read,

“Dude, I just made $80 bucks this morning off of Snap puts.”

I thought to myself, one, what is a put, and two, how do I buy them? I was familiar with the company Snapchat - known simply just as Snap to traders - and had heard rumors that the company was not performing well. I texted my friend back and asked …