you don't actually need 5 grand to buy the options, you just sell 5 grand worth and keep the difference. Sounds like he may have walked away from a lot of money

you don't actually need 5 grand to buy the options, you just sell 5 grand worth and keep the difference. Sounds like he may have walked away from a lot of money.. he would have had a 34,000 dollar check.. paid out ~25% in taxes and been ahead.. oh well