The Reddit geek who raked in $100,000 with 2 trades credits his parents, likes tech stocks, and says the 'hardest part' was cashing out | Markets Insider

told Markets Insider he credited his parents for his success, liked tech stocks, and found it hard to walk away with his profits.that he turned $766 into nearly $108,000 by purchasing puts on Roku stock and SPY — the S&P 500 exchange-traded fund — then profiting enormously when they dropped., a subreddit with the tagline"Like 4chan found a Bloomberg terminal."

My parents always told me to dream big and to never settle, and that's the mentality I've always had.I tend to like risk and enjoy learning about higher-risk, higher-reward investments, so that's why I initially learned about options. Luckily the next day Roku dropped about 20%, which is insane for a stock with that market cap. To show you how much I gained, an option I bought for $11 was worth $1,350. I had a good handful of options that went up that much in value for Roku.

I think some people may not realize the risk and may think it's common for people to win a lot of money when they read articles or see stories of people winning huge on investments such as options. But when you're dealing with weekly options, you have to realize that there is a possibility that you will lose all your money invested in the weekly option.

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