#268: Jack Raines – Meeting His Heroes, Losing $150,000 (In A Day), & Internet Dopamine
The Danny Miranda Podcast
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How to Make Money on Stock Market Trades
Draft Kings was the first one I heard about where draft Kings was going public through a spec The spec called desert Eagle acquisition was giving draft Kings $400 million to take them public at a $4 billion valuation. If you bought this desert Eagle stock once the deal closed you would own draft Kings cool So it seemed interesting so I watched it the merger happens and I noticed that there are these things called warrants That were also attached to the spec And warrants were like call options They were a leveraged bet where stock goes up the warrants probably go up by a lot more But regular options expire in a week a month a year depending on which one you buy warrants don't expire for five years. It was
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