r/options • u/clavidk • 2d ago
Soo... anybody became an overnight millionaire?
Crazy to see all these puts that turned $10k to $3M+ (e.g. https://x.com/EpicTradeAlerts/status/1908266500370424120)
And it's not like these were dumb luck degenerate yolo trades, I feel like there was at least a 10% chance Trump's planned tariff announcement would've crashed the markets and then subsequently another 10-20% chance a megapower like China would retaliate somehow.
A $10k bet would probably have been a very reasonable bet given the risk-reward of the options available. So I'm assuming there's a number of you who made over $1M overnight.
Regale your tales/inner thoughts here
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u/ladbom 2d ago
It all seems so obvious in hindsight doesn’t it xd
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u/Any-Morning4303 2d ago
I was a pussy had one put on SPY. Made $700. 😞
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u/SandMan3914 2d ago
That's $700 you didn't have yesterday, so you're up!
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u/xMyDixieWreckedx 2d ago
Bruh. Made $500 from $100 on QQQ, had I held one more day it would have been 16k.
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u/MrAwesomeTG 2d ago edited 2d ago
Doesn't matter. Profit is profit. I didn't know I was going to happen either so I only risked the hundred bucks. That 100 bucks turned to 750 the following day. If I would have kept the option longer I would have made 1300 but I didn't know how it was going to go so I got in and out as fast as I could.
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u/ThaInevitable 2d ago
I’m a bear 🐻 I have lost money for years and today and yesterday I was scared to buy it going down so I kept trying to catch a bounce and they would fail again and again
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u/outoftownMD 2d ago
You have accumulated so much loss aversion
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u/ThaInevitable 1d ago
I had a typo in the beginning of week and it really through me on tilt i knew i was off
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u/libertydan 2d ago
If I had a pussy I could make $700 a day.
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u/ProfitHound_YT 2d ago
thats how cheap it is? sheeet... i would be making thousands a day
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u/Stellar_Impulse 2d ago
Yeah, I was also dumbfounded by this. Started this week with 100 also and up 600. Wouldve been thousands If I werent so eager to take profits. Granted Im aware its all due to these special circumstancesm
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u/Wonderin63 2d ago
Ha. I've been trying to map out my strategy for a crash, which I was still playing around with. So I paper traded my way Thurs - Friday from $5,000 to $100,000. Sometimes that's the problem with paper trading; it scratches the itch and you end up losing out. Plus I bet I would have taken some profits after day 1, so it probably would have been half that (If that.)
Woulda-coulda-shoulda.
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u/Excellent-Piece8168 2d ago
Trading real money and especially decent amounts of it is completely different than fake trading and hypotheticals.
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u/CompleteLandscape791 2d ago
I made $400! Kicking myself for not buying another when it dropped down to 13 bucks the other day
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u/copingstoic 2d ago
Hindsight is 20-20. I thought after that big fall yesterday, as RSI was tending oversold, there would be some buying and shorts closing. So bought NVDA calls. Now suffering mightily.
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u/HugeAd5056 2d ago
Me too. I didn’t buy the NVDA calls, but I bought some leaps thinking we were at the lowest and then sold within an hour or so.
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u/goatee_ 2d ago edited 2d ago
instead of a red day like today, imagine you woke up to a big green day. SPY up +10% or just stay flat even, enough to wreck your puts. I know it’s hard to imagine because you’ve already seen how the market performed today, but just imagine. It’s not hard to come up with a reasonable explanation for such a phenomenon right? “Market has priced in from the tariff news”, “Market makers want to profit from all the idiots buying puts”, etc. It all makes sense in hindsight, but to act on it before the actual event you have to factor in risks and stuff, which is why the best way to prepare for a huge downturn is not to buy options, but to hold cash.
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u/Mr_meowmers00 1d ago
Thanks for this comment. This makes me feel a bit better staying all in cash this past week. I keep looking at the options chain and thinking "Man, even a small $2k bet could have raked in $250k". It hurts to see after the fact but you're right in that the market moves unpredictability sometimes and today could have just as easily been green or flat after the big sell off yesterday.
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u/Randomkrazy04 2d ago
The markets hate uncertainty. Trumps economic policy is literally uncertainty. If I wasn’t so busy with life I would have been willing to make a bet as big as this person.
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u/whistlerite 1d ago
$10k on 1dte SPY puts is an insane gamble, you might be too busy but that doesn’t mean it’s not risky af
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u/JoelKizz 1d ago edited 1d ago
I played a strangle type strategy (I'm new I may not be using the right term) but it worked out for me rather nicely. I thought the market would move big after tarriff announcement, but I honestly didn't know which direction. So Tuesday I bought calls and puts on a variety of stocks that were set to expire today. The calls all expired worthless, and the puts blew up. Sold some yesterday and the rest today and it was a big win. I know I'm lucky to see that kind of movement but this time it worked out.
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u/Dazzling-Zombie-4491 1d ago
This is what I do. If I’m holding overnight I always try to hedge with a put or call about 1-1.5% OTM in case things reverse before open.
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u/i_says_things 1d ago
No, Trump is a fucking moron and every economist out there said tariffs would do this.
I have a huge amount of my bonus just sitting on the sidelines and I am dca’ing everything right now.
Unfortunately I dont understand how options work and am not approved for them so I am not able to bet against the market currently or I sure fuck would.
Pain is not over. Trump is an idiot and he will continue to do unpredictable idiotic things.
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u/crooq42 2d ago
I’ve been buying puts 3-4 months out off and on since January. up 200% YTD. done trading options until the next crisis, gonna sit on cash for a while and slowly start to buy in over the rest of the year. ~700k is good enough for me for the year. https://imgur.com/a/Q0XToMm
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u/MrHeavySilence 1d ago
That's honestly incredible. Is day trading your day job? How do you determine how much you're willing to bet on put contracts?
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u/crooq42 1d ago edited 1d ago
I work a normal corporate engineering job, I’ve been trading options for about 12 years and made 700k in 2020, modest amounts (<100k) most years and lost ~50k two years. I typically hold or wheel, but actively trade options in periods of extreme volatility up or down. I simply trade the 3/6 month RSI on stocks I think will be most affected by whatever is triggering the volatility and only trade in the trending direction. I buy options 3-6 months out ~10% of my port at a time while RSI is over 70 or under 30. I sell extremely aggressively as soon as I’m in the green and typically only hold a few days after I’m done buying.
This is completely antidotal and involves a lot of luck and a steady income to build your portfolio, but has worked for me pretty consistently.
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u/JB_Scoot 2d ago
It was a total wildcard. During Covid, serious negative days were followed by ridiculously high green days. This is history of the making. Nobody had the answers.
The Nasdaq had its 3rd worst week ever since 2008 financial crisis. NOBODY could’ve predicted that accurately because had today been green, everyone saying that it would’ve gone up would’ve been correct.
Right now, everybody is gambling if you’re in the market . It could go up, it could go down. Nobody has a clue.
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u/Inevitable-Ear7641 1d ago
That’s why you buy calls AND puts. This current environment is great bc of the large swings and volatility. If the market is sideways and flat then it’s terrible money making wise.
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u/Affectionate-Leek-40 2d ago
The SPY puts I bought in Jan are perfectly keeping my retirement account stable. Up 1% today actually. But week over week it's keeping things stable which is what I wanted.
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u/HugeAd5056 2d ago
Did you buy puts with a long expiration date? Like a “put leap?”
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u/Affectionate-Leek-40 2d ago
Exactly. I wanted stability so they were 15 months out.
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u/tcopple 2d ago
Sell them while vol is high and rebuy when it falls. The oppo of pennies in front of a steam roller.
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u/HugeAd5056 2d ago
Sell puts when volume is high? Why based on volume and not the shape of a graph or wick of the candle?
Maybe I missed what you were trying to say entirely, not sure.
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u/DeMayon 2d ago
Vol = volatility.
You can be a buyer or seller of volatility
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u/HugeAd5056 2d ago
Ah thanks. So you’re selling to get the premium from high IV and buying it back when the premium value is lower. Am I getting it right?
I thought about doing that on ATT today: selling ootm puts based on the high IV… would have probably worked pretty well, especially on a Friday with theta eating the value over the weekend. Didn’t decide to do it though.
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u/tcopple 2d ago
Yes. When you buy an option to protect your investment, you’re effectively buying insurance.
The storm came an ravaged your retirement. Time to cash in on the insurance policy that you bought.
You bought the option in a low volatility environment. You now take profit and sell it in a high volatility one.
The risk you run is that you sell the option and vol stays elevated and things keep falling, but you’re unprotected.
In reality vol rarely stays elevated for too long, which means even if you hold on to your puts, their value will soon start decreasing.
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u/AppleNo4479 2d ago
13k>74k on spy puts worth like 115k now but o well
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u/briefcase_vs_shotgun 2d ago
Tough to time it perfectly. Cheers on the big lick to chase it all away
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u/FreshlyCleanedLinens 1d ago
Nice! I closed one of my positions (≈$100k) at +$22k and calculated it would have been +$230k if I’d held until close, but I know I wouldn’t have held that long anyway. No regerts!
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u/vanhaanen 2d ago
$200k on QQQ Leaps now $400k. I’m happy
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u/vanhaanen 2d ago
Sorry yes puts. Just a little missing detail lol Bought them in Jan. I really saw this coming.
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u/A_Dragon 2d ago
How the fuck did 10k turn into 3 million with a 200 point move?
It should take over a thousand points for that to happen.
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u/clavidk 2d ago edited 2d ago
Overnight is a simplification, but basically from Wed EOD when everyone was expecting tariff announcements to come out to Fri EOD. So that's a >10% drop in 2 days.
You can literally see a replay of the 528P going from $10k to $3M in the link I shared: https://x.com/EpicTradeAlerts/status/1908266500370424120
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u/A_Dragon 2d ago
Damn, I knew the market was going to crash but I didn’t want to risk 10k to make 30k, which is what I figured the yield would have been. If I had known the R/R was that high I would have risked it.
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u/clavidk 2d ago edited 2d ago
Yeah R:R was ~250:1 if you were expecting 10% drop in 2 days --> https://app.ambly.io/home/predict/SPY/-10/2025-04-04/result?time=521&referenceDate=2025-04-02&selectedOption=0&confidence=10
Though I would've thought IV crush would've brought it down, but I think IV prob spiked back up on Fri after China news
EDIT: wow IV went from like ~40% to 150% haha
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u/PopLegion 2d ago
Yeah vol spiked massively because of these tariffs idk why you would expect vol crush
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u/clavidk 2d ago
I was thinking it would crush after initial announcement b/c it close to doubled leading up to it.
And actually the day after announcement (Thurs), vol didn't go crazy - flat maybe a little dip. It was only today when it really spiked.
I'm assuming the 2nd order effects from China putting on retaliatory tariffs?
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u/PopLegion 2d ago
Vix jumped from 21 to 28 Thursday, and then another 50% today.
I'm not really following you at all tbh
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u/Aggravating-Tea4856 2d ago
There were times today that the market was dropping so quickly that the volatility was rising an equal amount and SPX calls were hovering at one price. I thought my platform had frozen but it hadn't .
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u/Ok_Video_3362 2d ago
The wild part is to see that profit and let it ride the second night like a stone cold killer.
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u/Live_Television_8873 2d ago
you could have bought spy 533p for 10$ before close on liberation day, they were upwards of 3k today. i know this because i bought 1 for 10$ an sold it for 175 yesterday. If i had held it….and i only bought 1. It was a 10$ gamble, i wish i did 100$ an just held it, would have been life changing money for me.
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u/a_dreamer 2d ago
I bought a $521p Wednesday EOD expiring 4/3 at .42. It hit .28 when the market closed. I sold before it hit it's high over $12. I sold at $8.80, so over $800 profit on one put. Perfectly timed, one could have made a $1,200 profit per put.
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u/A_Dragon 2d ago
Hmm I was looking at Spx but I still can’t see it being that large for only a 500 point move.
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u/XL1200 2d ago
It’s not all about the move it’s how quickly it happens and how volatile. Options are not 1-1 with the value of the underlying. If it drops 3% overnight the volatility CRANKS the value. As it stabilizes the volatility effect drains fast. Now you have 3 days in a row of 3% overnight dumps that almost wipe out all last years growth and yeah you can become a yolo millionaire
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u/A_Dragon 2d ago
Good reason to buy protective puts I guess…I keep telling my friends who are terrified about their 401’s losing all their value that they should just use protective puts as insurance but no one listens to me.
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u/Any_Mud_1628 2d ago
I did a bit similar the overnight response to the tariffs I thought was an overreaction expecting it to recovery and bleed down slowly over months. I really wish I would have doubled down on my puts because they had lost a lot of value leading up to 'Liberation' day.
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u/GeorgiaBill280 2d ago
I did about the same thing. Don’t feel bad, there was just no telling what was coming next in a man made recession.
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u/burglin 2d ago
300x. Buying at $0.05 and selling at $15. SPY ended at $505, so $520 puts would settle at $15. So, what was the price of a SPY 4/4 $520p 3 days ago? I can’t imagine it was so low
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u/_Marat 2d ago
The money was made on individual stocks. NKE had some 150x swings.
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u/Baraxton 2d ago
The implied move on SPX alone before the tariff announcement was only 2.5% and we moved 11% in 2 days. I personally had some IWM 200 strike puts that pumped 900% yesterday and would have been up 2000% had I held them. Would have required $50k invested to hit $1M, which is nowhere near what I risked.
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u/cruisin_urchin87 2d ago edited 2d ago
I chickened out.
98 contracts of 569 expiry 4/30, 50 contracts of 568 expiry 5/2, 50 contracts at 567.5 expiry 5/2
In total, about $1.269 million at end of day today. I paid about $150k. Sold last Friday. Made $50k.
Wish I had balls.
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u/Outrageous_Toe9807 2d ago
Only 7k for me. Broke boy trading. $200 to 7k tho.
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u/JustLikeKennySaid 1d ago
You're on your way now. This is just beginning they want to crash the global economy, drive prices through the roof. I'm not paying $3 for a fucking avocado they can rot on the shelf.
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u/BostonVX 2d ago
Its impossible to hold on to that trade if you are watching it.
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u/Bright-Acadia-6449 2d ago
It’s actually possible: 10k Wednesday before speech =>300k when you wake on spy 0dte Gamble it again 300k and another 10x Friday that’s ur 3million.
The good thing with trump is there will be other opportunities both ways
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u/therealcajungod 2d ago
When Trump posted the graphics, I gambled a couple thousand on puts. I broke every rule I have. Also, the money I spent was meaningless to me. I could have woke to $0 and suffered 0. I am not encouraging you to do what I did as part of an investment strategy.
[edit] Never risk more than you can lose. Do not time the market.
Edit: $3k became nearly $300k. I will pay half in taxes, invest 25%, blow the rest.
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u/therealcajungod 2d ago
Also please note, I have 20 years experience investing and roughly 5 using options to hedge against risk.
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u/stonkstogo 2d ago
I bought 555p for $2 before liberation day and sold on market open bc i’m a pussy with a potential gambling addiction.
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u/Sad-Side-8704 2d ago
I honestly was too focused on my losses to buy puts just out of fear. Someone tell me it isn’t too late to load up puts
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u/meaty87 2d ago
We’ll see Monday I suppose. The only reciprocal tariffs we’ve seen so far are from China, there are still a lot of countries to go. When those get announced, and layoffs start getting announced, things are going to get real messy. CPI data and unemployment numbers are going to be exploding in the coming months and then we’re off to the races.
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u/chuck_manson68 2d ago
Millionaire no, but gains way beyond what i was dreaming of ... Big bear gains
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u/meow-5757 2d ago
$74 —> $1000 with TSM puts (proceeded to go to 1200)
$55 —> $500 with XSP Puts (proceeded to go to 1100)
Really wish I’d put more into them but still happy with it
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u/ImASadPandaz 2d ago
Too bad you’re poor or you could have been rich!
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u/meow-5757 1d ago
Literally 😭
I’m 18 so entire portifolio value is only 7k but this is still a nice win
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u/Scottystocktrader 2d ago
Biggest gain I seen you coulda made was like 4k percent over the past 2 days which woulda been wild still
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u/Electronic-Fan9231 1d ago
not a millionaire but shorting Tesla a couple weeks ago made me 400k
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u/Pottytrainedluchi 1d ago
turned 80k into 3.6m this week on Apple/Spy puts. Could’ve been more but i truly did hold for a good while and happily realized.
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u/oldirrrrtykimchi 1d ago
I did 100$ to 3172$ pulled out early cause you know I'm a poor and I took my gains
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u/briefcase_vs_shotgun 2d ago
Ugh. Dipped 4K into Apr7 535 from weds to Friday. Cost 62$. Sold for avg of 300 third morning. Had another 3k in Apr 11 and 17 500 and 510 sold today. Some amd and sbux and appl too. All told made about 50k profit. Had I held everything till today woulda been 300k. Had I dumped and other 25k in weds I’d have a few mil ez. Had been getting smoked on outs last few weeks and was fun shy (been a degen for yrs and usually get burned till I score).
Sting’s pretty bad knowing I coulda made a lifetime of wealth in two days had I had more balls. But happy to profit I guess. Probably won’t be another obvious catalyst like this for a while (tho him waffling on Canada and mex made it hard to know how serious this one was). Def some kids made fat stacks this week
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u/lovesToClap 2d ago
AAPL puts were wild too, saw some go up 3500% and then 1000% the next day, felt kinda obvious in hindsight :(
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u/McClintockC 2d ago
I made about 100k. Not a millionaire yet but it definitely boosted my options portfolio lol
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u/GoBeWithYourFamily 2d ago
I was really stupid. I didn’t even think to do anything with this. I knew the market would get stomped on and I just didn’t think to do anything about it. Shame on me.
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u/oddlogic 1d ago
Overnight millionaire? No. But I did buy $11k worth of puts on Monday that I held (painfully) and ended up cashing nicely on, throughout Thursday. ($18k)
A little better trading - I sold futures contracts Friday morning, bought more puts on PLTR, Tesla, amzn, (holding) and saw that post 3:00 bump before a Friday close, choosing to snag a 0dte SPX put at 3:40, taking a $1500 swing betting we would continue to risk off into close. +$4500
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u/AlwaysTrading1 1d ago
I made a small amount, but FOMO got ahold of me.
I've lost so much in the market, that i should have just stuck with my morning trade, and walked away from the computer
It is hard to be right every time. Ive joined 100s of trading groups, only one person i follow is right every day. I eventually stopped following everyone else. But finding someone who's trades are green every day, is super rare. It's like finding a needle in a haystack.
They tell all their members to start with only $100 in their account, then they teach them how to grind their way up. They give one trade every morning, then they help you on that specific trade. It's nothing like I've ever seen before. They don't even charge anything.
Who would have known that there was even good people out there anymore?
But yeah, I started 60 days ago with my $100 bucks, and now I am at $2,000 just taking their one trade a day. Well, was at 2K before I tried to become an overnight millionaire on Friday.
FOMO is real.
Hope everyone else became millionaires though.
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u/fjoobert 2d ago
I know this is an options sub, but tariffs will have real consequences for people buying affected products. There’s a good chance we’re about to see a vicious cycle of companies going under because it’s no longer economically sustainable to operate and the market for the product will no longer exist.
Speculatively, I think even buying puts on individual companies might be dangerous for this reason—you have to have an active underlying market to bet on.
It’s probably a safe bet for the next few weeks to buy puts through little rallies, or sell puts with the massively increased volatility. Long term, I have no idea.
TL;DR - very bearish, it might actually be different this time
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u/meistaiwan 1d ago
18k->98k Wednesday to Thursday morning. Kicking myself I was a little bitch and didn't wait longer, missed out on 200k more.
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u/IcyFaithlessness2340 1d ago
Yeah I mean, it always seems obvious in retrospect.
I’m running a delta neutral positive theta strategy, which somehow survived just fine through this madness.
But I’ll be damned if I shouldn’t have just thrown 100-500 bucks away on a bet that his tariffs would cause the market to go down.
It did because even though traders know he’s as bright as a bag of bricks. No one anticipated that he could in fact be dumber than that.
Just how dumb? I mean, he made the covid crash look like a joke and actually did more for Biden’s legacy in 2 days than Biden did in 4 years, but I digress…
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u/professor_jeffjeff 2d ago
I haven't made a whole lot of dollars yet but my percentages have been pretty good so far. I still have open long puts as well. Probably going to load up again next week after we see what happens over the weekend. China's tariffs go into effect next Thursday and I don't think we've even heard from the EU yet. This is only the beginning.
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u/imeowfortallwomen 2d ago edited 2d ago
the thing is, it is easy to know that the recent news and policies will make it go down, the hard part is getting the timing right
also, knowing my luck, if i bought puts, it will go up and do the exact opposite
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u/recumbent_mike 2d ago
I'm an overweight millionaire - is that worth anything?
OK, I'm maybe lying about the millionaire part
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u/wideoiltanks 1d ago
I made about $20K in profit on a $20K bet because I'm a dumbass and didn't necessarily invest in the right puts, but I did liquidate my entire portfolio before allocating a small part of it in put options. If I held them through today instead of closing my positions Thursday afternoon, I easily would've cleared $50K in profits.
No one can ever tell me again that market events are always priced in after stocks were inexplicably up Wednesday afternoon going into the Liberation Day announcement.
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u/BasilBogomil 1d ago
No overnight millionaire but I’m working on it.
I’ve been buying SPY long puts 30/60dte and laddering down since the 600s. Yesterday and today I cleared almost $100k. Still have a tranche of 5/16 $550s. Gonna see how low this goes.
Cleared about $150 so far. Another $60 on paper.
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u/Mouse1701 1d ago
Dude if your up a 100k why not just buy a lot of 100 shares and buy covered puts or calls. Then it's like being a sports book instead of taking the bets. You don't care who wins or loses you just accept money.
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u/BasilBogomil 1d ago
Great minds think alike. Except I turned around and sold cashed secured puts on an individual stock. If it hits, then I’ll sell covered calls.
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u/tastelikemexico 1d ago
I made 3600.00 off 800. I have been kicking myself thinking why I didn’t go at least half port. But still was fun. I just trade as a hobby
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u/TripleShines 1d ago
There are tons of opportunities every single day to turn hit a 50x if timed perfectly. I have learned to try not to think about it too much. But just for the sake of this post it is pretty crazy to think that if played perfectly it could have easily been 10k -> 1m on thursday and then 1m -> 100m on friday with just 2 trades. With 10 trades you probably could have in theory went from 10k -> 10 billion. With 20 trades you could have became the richest person in the world. With 30 trades you could have had more money than the rest of the world combined. Assuming that volume isn't a factor of course.
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u/Healz 1d ago
Your link is just an ad for ambly.io, it’s a “best of” back test that simulates SPY options trading in 10k lots.
No one bought 10k worth of SPY and held it to 3M. Mostly because you can see that from 3:30 to 4 it went from 1.9M to 3M, all brokers auto close options expiring that day at 3:30.
Fun to imagine but even with everyone playing the stock market no one has a Robin Hood screen of it because it didn’t happen.
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u/Full-Atmosphere-9702 1d ago
I had a $15 call on VIX that I paid $635 for that expired 4/16 and I stupidly sold them early for a $25 loss cause I let my emotions get me!! I am so freakin upset with myself!
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u/Faux29 1d ago
I had a bunch of 545/535 put credit spreads - I closed them out on wed for a paltry 20% gain and then SPY went higher and I started feeling bad…. Then it fell off a cliff and I did not feel bad.
Didn’t become a millionaire but I didn’t nuke my portfolio and I survived Thurs afternoon / Friday so I’ll call it a win.
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u/fermion_87 2d ago
I looked at the 5300spx put this after noon, it was trading at 22800, on Wednesday before bloodbath it was at 300 or 400 dollars, if someone bought 50 options at that , and sold at 20000 easily millionaire.
on Thursday end, it was trading at 1100
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u/Repraht 2d ago
I bought puts on Wednesday morning before the big run ups throughout the day. Was down 80% on them but held on figuring it was worth the risk since I was already down so big. Ended up selling at opening for 180% and 220%. Would’ve made way more if I bought those later in the day, or just held for the remainder of the week.
One of my puts was $2.75. Was down to $0.54 at close. Opened at $8+ the next morning. Wishing I bought more at the end of the day… but I’ll take the profit and be happy with it
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u/clobbersaurus 2d ago
I put my mine too early and closed too early. I was up about 25k Thursday morning and closed it all out. This basically balanced out the rest of my portfolio losses.
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u/Yul_B_Alwright 1d ago
I closed my puts at 300+. It only went like an extra 2 dollars anyways. Don't care. Just 4x my account and its nice to be able to rest easy
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u/PoohTheWhinnie 1d ago
I sold my PUTS way too early, that legitimately could have been me and now im kicking myself.
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u/not_a_rob0t_13 1d ago
After tax is that like half? Surely they are also smart enough to know a way to reduce tax right.
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u/oxphatxo 1d ago
Soo… when do we buy calls with similar risk:reward? Does it seem impossible for SPY to rebound $30 in a day? I don’t think so, but the question is when. Hell, why not just throw $10k at it every day until it happens? Am I crazy?
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u/bekindrefindyaself 1d ago
Ok,so I'm a trader (inexperienced lost 5700 over the course of 8 months) I know their are snipers in here. I also know snipers are quite. If you see this comment. And are feeling kind please Dm me. I got a little under 2k man if you'll advise me on a move a quarter as good as this (10%) as good I'll literally pray for your username. Every night (that's my thing I'm spiritual Christian) the proceeds however will not go back in the market. I'm going to use it for my license (state says I owe 12k for May try a lawyer as a cheaper option) and a car. Man that would be so Great.. and Id be so grateful
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u/retupmocomputer 1d ago
I made over 1,000% return on my options and I’m still so fucking pissed at myself for selling to early. Could have been 5,000% if I held a couple hours longer.
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u/Darnaldo 1d ago
In hindsight, it's always obvious, but you need to remember that trading breaking news is super risky and pure gambling. If Trump hadn't pulled out the chart, his put would get vaporized. When he started talking about 10%, SPY jumped to 570 instantly because it would be not as bad as what people expected. But the second the chart appears, it crashed instantly.
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u/Hank_thomas5 1d ago
Wild what happened today. Not millionaire but went from 2xxxx to xxx,xxx. Still feels like a fever dream. Idek what to do
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u/Environmental_Show70 1d ago
Sold all puts (on TTD) Thursday on open with about 85k profit. If I had sold today would have been closer to 230k. Hard to guess the direction!
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u/Hot_Frosting_7101 1d ago
I turned $5k into $34k. I bought my first options a couple of months ago. Don’t plan on trading options for long.
Anyway, I was feeling pretty good before seeing this. 🤣
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u/No-Raise7673 1d ago
Point is never be greedy when it comes to option trading; small profits is always better than none. But yeah, with that trump tariff announcement, that is almost a no brainer. Some just have bigger risk appetite and very good risk management in case things really go south
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u/randomplusplus 1d ago
I bought 90 contracts of 5/16 $590 puts for around $11 per share back in February when SPY was trading around $600, it was about a $100K bet. SPY went up and made a new ATH and I lost around $40K. Then the market started dipping and I gained it back and sold about even. Today those contracts are worth around $83/share, or about $740K total or $640K gain. I beat myself up daily for not holding. It’s tough to deal with the regret. But I have to remind myself it could have been much different and much worse. I made the decision I thought was best at the time with the of information I had. I thought it was reasonable that the market was going to continue its bull run even though a few weeks prior I was absolutely certain we were in for a big correction. Emotions get in the way. Can’t predict the future.
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u/fnordfnordfnordfnord 1d ago
I have puts that did well but they didn’t offset the damage to my shares held.
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u/NoMoreRegretsNY 1d ago
So I sold my put SPY put spreads on Thurs and Fri, market has more to drop in my opinion…what’s the best hedge? I looked at VXX put spreads by IV is at 95!! Want more SPY puts but with VIX at 40 they are sooooo expensive. Any ideas to protect next 10% drop in SPY?
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u/Cold-Froyo5408 1d ago
I broke from normal strategy and bought calls on VIX the week before “liberation day.” I closed half the position yesterday for lil over 100% profit, keeping the rest open for now, exp 6/18
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u/DrumsBob 1d ago
F**k. i paid but some in but I don't have much to play with. In a severe depression. 10k was my amount F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K F**K
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u/Rambunctious_Salad 1d ago
Any recommendations on what to buy puts on and whether it's worth buying one on monday at market open and holding onto it for the day or a few days? What stocks should I focus on?
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u/AnyPortInAHurricane 2d ago
the harder thing is to hold a 10x until its a 50x until its a 100x
at some points you're risking REAL money to make more.
No one , unless they are brain dead , only thinks about the initial investment