The Rapper Who Made $400K Reading the Market

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Money Rehab with Nicole Lapin 52 min 1 speaker 8 chapters transcribed 25 days ago
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How did Young Gravy make $400,000 from a 1-800-Flowers options trade?

Nicole Lapin 0:00
So how much have you made overall on trading? Okay, we're in the
Young Gravy 0:02
flux right now.
Nicole Lapin 0:06
Can I say? 1.568 mil.
Young Gravy 0:11
And you see the the growth on there?
Nicole Lapin 0:13
653%. Young Gravy is a beloved rapper. We have known him through his music until he dropped the mic on a crazy financial trade. That video went viral and I had to know more.
Unknown 0:27
What's your biggest financial flex? At the beginning of COVID, I put a call on one eight hundred flowers. It was dark, but I knew people were gonna die and I knew that people didn't want to go in public, so I made about four hundred K out of one eight hundred flowers. Stock options. Yeah.
Nicole Lapin 0:40
Today Gravy tells me about the options trade that created a major, major payday for him.
Young Gravy 0:45
During COVID, I want to say I put in like 30K. It came out like foreign. That shit was popping.
Nicole Lapin 0:50
What he's investing in now.
Young Gravy 0:52
My strategy is investing in the infrastructure of the newest thing. So like AI, computer chips, all that.
Nicole Lapin 1:00
And how musicians are actually making money right now.
Young Gravy 1:04
lot of processes here, you know. There's writers, there's producers, there's mixers, there's a lot of people that go into the process of making it. Once you put out the music, there's a ton of other things that come along with it. Touring, then you sell your meet and greets, your merch. There's a lot of different things.
Nicole Lapin 1:17
So here's the big question. Have you made more money from your trading or from music?
Young Gravy 1:23
I think overall
Nicole Lapin 1:28
And Nicole Lassen, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Young Gravy. Welcome to Money Rehab.
Young Gravy 1:37
Thank you, Nicole. Happy to be here.
Nicole Lapin 1:38
So what do I call you? Your rep calls you gravy.
Young Gravy 1:41
Matt or Gravy.
Nicole Lapin 1:42
Matt or Gravy?
Young Gravy 1:43
Yeah.
Nicole Lapin 1:43
What do you prefer?
Young Gravy 1:44
You can call me Matt.
Nicole Lapin 1:45
Matt. Cool. Love that. So people know you as Young Gravy. They know you for your music and rapping, but you kind of outed yourself as a very savvy trader. And I don't even know where this was. It was like a red carpet event of some sort. Yeah. Build up
Unknown 1:59
video.
Nicole Lapin 2:00
Yeah, where you said that you did really well on some call options for one eight hundred flowers.
Young Gravy 2:08
Yes.
Nicole Lapin 2:08
Tell me how that went down.
Young Gravy 2:10
The actual video happening, yeah, it was a guy at a red carpet. Random and he's like
Nicole Lapin 2:14
And they were like asking about what do you invest in and most people tried to be like, Oh, I invest in myself. He
Young Gravy 2:19
was like, Yeah, what's your craziest investment move? And I was like Oh, I have the exact one right here and I was like, uh maybe people once I filmed it I was like, Oh, it might be kinda dark, but you know. It worked out and and you know, a lot of people hit me up after that video for investment stuff. The way that the actual trade And the options happened, I was um During COVID, when it was getting pretty bad, I moved back to Minnesota and I was Like I don't know, just pent up in this house like Every day making music and needed something to focus on. So I started getting like back into my investment stuff. You know, it's on Wall Street bets, all the above. And um kept seeing all these like meme stocks going crazy and I was like, I I need to find my own version of this and I just sat there and thought for a while, like
Young Gravy 3:07
What's something out of the box? You know, what's something off the beaten path here? And um I thought he had People are dying. People don't want to be together in person right now. How do they, you know? Are they gonna get flowers to each other? One eight hundred flowers, you know, someone delivers it, there's no human contact. I thought this is probably gonna go up over the next couple of years. So I think it was like March, late March twenty twenty. And I just did like one year and two year call options for I wanna say I put in like thirty K. And it came out like four hundred.
Nicole Lapin 3:43
thirty K to four hundred. And call options are an advanced investing strategy. So you had done this before, I assume, or was this the first time you were playing with options?
Young Gravy 3:52
I had done it before and learned about it in college. Kinda went deep in like read it and how have you learned stuff before ChatGPT? And I had taken a lot of L's trying it because it's a you gotta be pretty specific about things and and I learned

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