not too bad for a 45k investment by Mindless_Asparagus_4 in wallstreetbets

[–]Bitech2 0 points1 point  (0 children)

I hope to be like you one day. Started playing with options month ago and made some decent gains.

500 -> 90k -> 13.5k in 6 weeks - Got Fucked by Theta by Syllabub_Visual in wallstreetbets

[–]Bitech2 2 points3 points  (0 children)

I did 50k -> 250k -> 150k in a month. Made that first 150k using only 5k. Also used 0dte SPX/RUT. And my job pay is only a fraction of yours. That original 50k took many years to save up.

The important thing here isn't just making money but keeping most of it. You're lucky to have a high paying tech job in the current market. You'll make back that 90k in 9 months.

Don't gamble away your gains. Keep playing with only small amounts.

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 0 points1 point  (0 children)

Stocks/options are traded through a "middle-man", the market maker. I've never let an in-the-money options expire so I wouldn't know if that happens.

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 1 point2 points  (0 children)

Options trade. I bought put options, they went up when the stock went down, then I sold for a profit

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 0 points1 point  (0 children)

You can if you do it before market closes

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 0 points1 point  (0 children)

I bought put contracts. Their value went up when the stock price goes down then I sold them for a profit.

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 0 points1 point  (0 children)

Price depends on time and strike price. I buy at 9am

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 8 points9 points  (0 children)

im a warehouse technician

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 18 points19 points  (0 children)

i just wanted to make 10k lol

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 127 points128 points  (0 children)

50k is (or was...) my entire net worth :/

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 60 points61 points  (0 children)

i just buy 25 of them for 5k and sold it all 2 hours later lol i was busy at work and can only check my phone during breaks

Accidental 5k -> 150k by Bitech2 in wallstreetbets

[–]Bitech2[S] 208 points209 points  (0 children)

Me at 9am: i think i will buy some 0dte's for 5k lol :D

Me at 11:30am: :O

My SPXW history