r/wallstreetbets • u/startedstonks04-2020 • Feb 01 '25

Gain 12k -> 115k @ 22 yr old

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Friend told me this is post worthy, anyways I’m blessed. I withdrew everything and put it all into VOO. Hoping I’ll be ahead of my age group for future retirement. God bless America.

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u/Professional_Ant897 Feb 01 '25

Out of curiosity, I see a lot of people play ITM leaps instead of weeklies, what’s the benefit of having your expiry set so far back in Januaryas opposed to having done weeklies instead ? I’m thinking it’s less risk?

24

u/startedstonks04-2020 Feb 01 '25

I honestly don't get why people use options to buy ITM leaps, sure it protects your downside, but options itself are mainly derivatives used to give you huge reward for anticipation of big volatility swings. Sorry, I'm not sure either.

10

u/Professional_Ant897 Feb 01 '25

OH lmfao in my head it was 2024 and you had a put for 2025 😭. Gain % wasn’t adding up congrats man!

1

u/startedstonks04-2020 Feb 01 '25

yeah ibkr % change is weird, I think they didn't factor in my 14k deposit?

3

u/Professional_Ant897 Feb 01 '25

Real mine also doesn’t add up lmao.

2

u/Ok_One_8106 Feb 02 '25

same lol but hey with the cheap option commissions I'm happy with using them