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A Guy on Reddit Turns $766 into $107,758 on Two Options Trades

61 pointsby undefined3840over 5 years ago

12 comments

magashnaover 5 years ago
For everyone of these lottery winners, there&#x27;s thousands of other idiots in the red. &#x2F;r&#x2F;WSB is definitely an entertaining read though.<p>If you want a funnier read at the expense of a company, read about &#x2F;u&#x2F;1R0NYMAN basically conning Robinhood by withdrawing $10k before they ate a $53k loss. Subsequently they stopped allowing box spreads. I believe there was also talk that he could sue Robinhood for being so irresponsible with him, but I&#x27;m assuming he cut his winnings and ran.<p><a href="https:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;trader-says-he-has-no-money-at-risk-then-promptly-loses-almost-2000-2019-01-22" rel="nofollow">https:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;trader-says-he-has-no-mone...</a>
pooooglesover 5 years ago
If you&#x27;re after a more interesting trade on reddit thread then ir0nymans box spreads are legendary [1]. Invests $5k and proceeds to turn that into -$57k and ends up banning box spreads on Robin Hood.<p>1. <a href="https:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;trader-says-he-has-no-money-at-risk-then-promptly-loses-almost-2000-2019-01-22" rel="nofollow">https:&#x2F;&#x2F;www.marketwatch.com&#x2F;story&#x2F;trader-says-he-has-no-mone...</a>
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pwinnskiover 5 years ago
Less popular is the other story: Several Guys on Reddit Turn $107,758 into $766 on Two Options Trades.
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orangepandaover 5 years ago
Was it fool proof?<p>Previously on reddit - a guy on reddit loses $60&#x27;000 [1]<p>[1] <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;wallstreetbets&#x2F;comments&#x2F;agovgl&#x2F;only_invest_what_you_can_afford_to_lose_they_said&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;wallstreetbets&#x2F;comments&#x2F;agovgl&#x2F;only...</a> SFW
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imgabeover 5 years ago
A million monkies at a million typewriters...
toomuchtodoover 5 years ago
Related Reddit thread: <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;wallstreetbets&#x2F;comments&#x2F;dj5xru&#x2F;u_did_it_autists_youre_on_front_page_of_bloomberg&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;wallstreetbets&#x2F;comments&#x2F;dj5xru&#x2F;u_di...</a>
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doogliusover 5 years ago
&gt; Bloomberg confirmed Choi’s account via screen shots of his Robinhood Financial trading history.<p>That doesn&#x27;t seem sound...
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lawlessoneover 5 years ago
is this much different than someone winning millions on a 2 euro accumulator bet at a horse race?
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preommrover 5 years ago
There are so many fun &#x2F;r&#x2F;wsb stories.<p>Just in the past few months there&#x27;s been 1ronyman, analfarmer and my favorite - well I guess I shouldn&#x27;t name him in case it violates rules - but some guy that yolo&#x27;d his student loans by accidentally buying puts and then tried to convince people he was a good trader.<p>I also just remembered that time someone tried to share his success with SquareSpace and it turned out he&#x27;d bought Square stocks instead by accident and didn&#x27;t even realize it.
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fshover 5 years ago
How is a gambler winning some money even remotely newsworthy?
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jacknewsover 5 years ago
Amazing! Everyone should gamble with options more, because, winnings.<p>I can&#x27;t see how Bloomberg could possibly benefit from that.
mancerayderover 5 years ago
Why is this flagged?