r/options • u/clavidk • 5d 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/briefcase_vs_shotgun 5d 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/InvoluntarySoul 3d ago

let say i want to buy spy puts Monday, what expiration date is the most optimal? 4/25?

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u/briefcase_vs_shotgun 3d ago

No one knows. Looks like we open at 480spy. I’d think we bounce or choppy till tech er tho Thursday morning when tariffs actually come on could be nasty too. I’d buy Apr11 and reload on the 17th out till may 7 if they lose. Fomc is going to be brutal imo folks asking for 5 cuts this yr in for a rude awakening. Personally I’m just buying a few shares and trying to find bad hype companies to buy out till July deep otm. Expecting more than 15% down in 3 days is a big ask regardless of news