's up guys and welcome back to wall street millennial on this channel. We cover cover everything related to socks and investing the first half of 2022 has been historic the s p 500. Falling more than 20 percent. The worst first half performance since 1970.

The tech heavy nasdaq 100 has performed even worse losing almost one third of its value over the past six months as expected. Most investors are sitting on huge losses that could take years to recover. But against all odds. Some investors have positioned themselves well for the bear market and have made massive gains in this video.

We'll be looking at the wall street best form to see people who made hundreds of thousands of dollars from the market crash as well as those who've lost everything. But before we dive in make sure you've signed up for our daily newsletter at wallstreetmillennialcom. Newsletter. It's delivered straight to your email inbox at 5am every morning of the trading week.

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Who has lost 88 of his portfolio and the chances of a turnaround are looking pretty bleak. He started with about forty five thousand dollars in the beginning. He only owned shares his stock picks didn't do very well and the values portfolio gradually drifted down by twenty thousand dollars. Then he started using options the change in strategy initially worked very well with a seventy thousand dollar gain in the first week.

But soon thereafter he proceeded to lose everything today he's sitting on an 88 or almost 40 000. Loss. So what types of options was he playing surprisingly his losses came from puts not calls. He said that the share prices of companies that are overvalued or useless must come down the companies that he thought were overvalued included doordash bed bath and beyond draftkings airbnb coinbase zoom altria palantir and ulta beauty every single one of those positions was in the red.

This is kind of surprising a portfolio of put options on mostly tech stocks should have performed brilliantly in the current market environment. Yet. This wall street bets user still managed to lose 88 of his account. For example.

One of his biggest positions was doordash puts expiring on july 1st. The stock closed at 68 dollars per share. Just a few dollars above the strike prices. Which range from 60 dollars to 64 doordash has fallen by 53 year to date.

Just a few more percentage points down. And this traders puts would have printed massive gains but instead they expired worthless. Some of his other positions did end up making money with his 51 dollar strike coinbase puts expiring two dollars in the money. But this two dollar gain wasn't enough to cover the premium that he paid when he bought the options so it was still a loser.

This shows how difficult it can be to make money with puts. He correctly called the bear market. But his strike prices were too aggressive. Which led to his eventual downfall.

While things are looking pretty bleak for this wall street bets user. There's still a small window for a turnaround. He has nine dollar strike puts on palantir expiring in one week's time. If the market crash continues just a little longer.

He might make back some of his losses next off. We have a more successful put options play from user chloe. Stella. This investor had a bearish view on the market.

So she loaded up on a massive position of 200 put option contracts for the qqq etf. Remember that options contracts represent 100 shares each. So this position covered 20 000. Shares.

The total cost of initiating. This trade was in excess of half a million dollars. The qqq etf tracks the nasdaq 100 index. Which is dominated by mega cap tech stocks these stocks have been some of the hardest hit by the fed's rate hikes with a strike price of fifteen dollars.

Her puts are now more than thirty dollars in the money. You won't be surprised to hear that this led to massive gains her position is now worth eight hundred thousand dollars. Representing a gain in excess of a quarter million congratulations on this life changing amount of money next off. We have a massive loss from user tower of satan who is down 30 thousand dollars on his paypal position.

Paypal. Was a major pandemic beneficiary as people use it to send and receive money via the internet. Paypal sock became very popular among investors with jim cramer being a major believer in the company. The share price more than doubled at speak in 2021.

But after that it started to decline precipitously when user tower of satan saw that stock was down 50. He thought the selling was overdone. It was due for a rebound. So he initiated a position as it turns out he was trying to catch a falling knife as a share price decline.

He reduced his cost basis by adding to the position. A total of 69 times to date. The stock is down more than 70 from its highs. And this wall street bets user is down 50 or 30 000.

And there could be even more downside ahead one commenter did an intrinsic value estimate for paypal. He thought that the company should be worth 50 to 60 billion dollars. This is 30 to 40 percent lower than the current market cap of 82 billion dollars part of the reason for this user's poor investment returns may be his total lack of due diligence he openly admits that he knows nothing about paypal and did zero research on his fundamentals. He just saw that the stock was down a lot and was expecting a 20 bounce stop it get some help better luck next time next off.

We have a gate. That's not quite as impressive in terms of dollar amount. But more than makes up for that in percentage terms in just 20 days. User com radio has turned two hundred dollars into 1653.

This represents. A 725 percent gain and puts him within striking distance of 10 bagger status. He achieved this by making a huge number of options plays both calls and puts for example on june 30th tesla's stock price opened down he used this as an opportunity to load up on call options expiring the next day. The stock increased two percent from open to close.

This was enough to rise above his 670 dollar strike price causing the value of his call options to increase by 50 percent. He sold it the same day for a 500 game not bad for a day's work. He also made a huge number of put option plates on the qqq etf. Most of which paid off handsomely during this current bear market in mid june.

He made a small play on dogecoin. But luckily he sold it that same day and only suffered a 42 cent loss the percentage gain is undoubtedly impressive. But many commenters are skeptical of its sustainability. One user says the op guessed correctly suggesting that the gains are more the result of luck than skill.

But to the op's credit. He is being smart about what he's doing with the gains he took one thousand one hundred dollars of the gains and bought value stocks. Which he intends to hold for the long term. The remaining five hundred dollars.

He will use for more options plays in an attempt to repeat his success and fulfill his gambling needs even if he loses the entire 500. The one thousand one hundred dollars of stocks that he owns would still be five times greater than the two hundred dollars that he had to begin with congratulations on this epic win next off. We have another massive gain from user ric flair's cape. Who 5x this portfolio over the past few months.

Taking it from 50 000. To 250 000. Given. The recent market environment.

The only way to make these types of gains is by shorting. The market. Which is exactly what he did he made these gains by using put debit spreads on etfs and stocks he would buy a long dated put and after the stock dips. He would sell another put at a lower strike price.

This strategy locks in some of the gains at the expense of reducing the upside potential. If the share price continues to fall one of his biggest gains was on tesla. Where his puts. Printed massively as the price has been almost cut in half here.

Today. While tesla has been remarkably successful in recent years they have recently run into supply chain issues which have slowed down production at their new yiga factories in texas and berlin. The problem has gotten so bad that elon musk himself has called them money furnaces. But not all of his plays were on high flying tech stocks he also bought puts on goldman sachs like all investment banks goldman sachs benefited tremendously from the market bubble of the past two years as they raked in lucrative fees from specs and ipos with the recent market crash.

The tides have turned completely investors have no appetite for money losing tech startups and the total value of ipos has fallen by 90 compared to the year prior this will mean a massive decrease in fee revenue for wall street and they are expected to announce massive layoffs later this year. But one man's pain is another man's gain. The market declines benefit this wall street bets user to the tune of 200 000. Congratulations on this epic game alright guys that wraps it up for this video have you experienced any epic gains or losses.

In the recent bear market. Let us know in the comment section. Below. Also don't forget to sign up for the wall.

Street millennial newsletter at wallstreetmillennialcom. Newsletter as always thank. You so. Much for watching.

And we'll see in the next one wall street millennial signing out.