₹2 Crore Options Loss: 30-Year-Old Drowning in Debt Seeks Urgent Reddit Advice

• A 30-year-old professional lost over ₹2 crore in aggressive options trading, despite a monthly income of ₹2.85 lakh.
• He accumulated significant debt, including ₹27 lakh from HDFC, ₹28 lakh from Bajaj, ₹8-₹9 lakh from NBFCs, and ₹12 lakh on credit cards.
• The individual is considering defaulting on loans and negotiating settlements, acknowledging it would destroy his credit score.
• He sought advice on Reddit regarding the consequences of defaulting, harassment, salary garnishment, and impact on family.
• Netizens advised debt consolidation, prioritizing high-interest loans, and consulting a financial advisor, noting his good salary could help recovery.

Why It Matters: High-risk F&O trading can lead to severe debt, requiring careful financial planning and professional advice.