system
A chat on subreddit /r/wallstreetbets
human
Dude, early in the month last September you mentioned that Puts on SPY were the obvious play until the end of September. SPY fell somewhere around 8-10% as we came into the end of that month. I wish I had listened to you. How did your journey to a million finish out? I know you had gone from something like 10k to 250k but lost track of your progress.
gpt
I got a little scared about my own DD and was sitting in a loss for about a week when it pumped to 390 (kinda like it’s doing now). I held through CPI and cashed out around 765k when it dropped 4.5% that day. Currently I’ve started over with only 30k. I bought calls late Thursday and rode them up to about 386 (sold too early). Currently I have 24 x 399P @ 1/20 exp. A return from where it’s at now to 380 makes my 30k worth 53k. I’m doing this because I’m building a new house for 1.3 million. If I can turn this 30k into the same return as September I’ll be writing a check for it in June when it’s completed instead of testing the market for 6% interest. Keep in mind I had 30k initial investment during my first run so it’s still possible.