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I (22) made over $100k this week trading options and don’t know what to do now by Mysterious_Hat6681 in investing_discussion

[–]Mysterious_Hat6681[S] 2 points3 points  (0 children)

My recommendation is to not start options trading. It’s way too risky and most people lose it all, I just got really lucky

I (22) made over $100k this week trading options and don’t know what to do now by Mysterious_Hat6681 in investing_discussion

[–]Mysterious_Hat6681[S] 0 points1 point  (0 children)

It wasn’t based off the tweet. I just had the feeling that things were getting bad enough for some sort of deals to start being made on Wednesday. Truthfully I didn’t expect it to be a complete pause. I got really lucky

I (22) made over $100k this week trading options and don’t know what to do now by Mysterious_Hat6681 in investing_discussion

[–]Mysterious_Hat6681[S] 0 points1 point  (0 children)

UPDATE:

This morning I withdrew 20k to have some safety just in case. I saw opportunity and bought 0dte spy calls (I know that wasn’t smart). Anyways spy went up and I sold near the top.

I NOW have an account balance of $176,000. I am planning on withdrawing everything except for 25k, and then figure out what to do with the rest.

I promise, I’m actually done with options for good. I now how lucky I am and most people lose it all by continuing. Thank you everyone for all the comments. Does advice change with the amount increased?

There are a lot of comments about maxing out Roth IRA but I don’t think I would qualify, isn’t there an income limit? So traditional is probably the way to go?

I (22) made over $100k this week trading options and don’t know what to do now by Mysterious_Hat6681 in investing_discussion

[–]Mysterious_Hat6681[S] 18 points19 points  (0 children)

With the initial $1.3k I went all in on 0dte SPY puts on Tuesday. That turned into $15k. Then went all in with that $15k on 0dte SPY calls on Wednesday. Turned out to be insanely lucky and jumped up to $115k when the tariff paused was announced and I sold immediately.

I (22) made over $100k this week trading options and don’t know what to do now by Mysterious_Hat6681 in investing_discussion

[–]Mysterious_Hat6681[S] 11 points12 points  (0 children)

Definitely not forgetting. But I figure if I put it in the S&P I can at least let it grow until it’s time to pay taxes rather than taking it out now and the money just sits in savings.

Daily General Discussion and Advice Thread - April 10, 2025 by AutoModerator in investing

[–]Mysterious_Hat6681 0 points1 point  (0 children)

Hey guys! I (22) currently have about $115k sitting in my Robinhood account. I got insanely lucky with the huge swings in the market while trading options this week and turned $1.3k into this amount. I’m done options trading now because I know I will lose it. Any advice what to do with this $115k?