After nearly squandering $2.5 million inheritance on bad investments and poor stock plays, our fearless Montreal-based investor F.S. Comeau decided to use his last $249,000 to bet big against Apple shares rising.
“Basically, he is using what’s left of his stash to bet big against Apple by buying put options that, according to Comeau, could net him upwards of a few million if his prediction holds true,”
MarketWatch reports. “But if Apple, which currently sits near $122, trades at $128 or above after the report — poof! — [$249,000] gone.”
The real gold, though, is
Comeau’s lengthy Reddit explanation as to why he believes Apple shares will tank following earnings later today. In a post hilariously titled, “Well, this is it: Going All-in. My last stand. My final Yolo. $2M-5M possible payoff”, Comeau details the entirety of his gambling (err, investing) history along with some overarching explanations as to why Apple is doomed.
