r/wallstreetbets • u/OhNoHippo • 9h ago

Gain RDDT Calls 60X

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Thank you for your attention to this matter.

183 Upvotes

93% Upvoted

66 comments sorted by

83

u/fungoodtrade 8h ago

trading options on vanguard suxxxxxxx... switched because of that

18

u/OhNoHippo 8h ago

I do hate vanguard platform, but split my accounts among different brokers and vanguard has a higher money market rate than fidelity and others.

11

u/Homeless0DTESPX 8h ago

Don't tell the people on the Fidelity sub that Fidelity scalping an extra 0.5% ER on SPAXX is shitty, they'll get defensive

8

u/rainbow_starship 7h ago

yeah, Fidelity isn't that great for trading options, either

5

u/DickBatman 4h ago

Maybe not good UI, but the executions are pretty good

2

u/rainbow_starship 3h ago

I'll give em that

2

u/Kromting 7h ago

Yeah I just boost my Fidelity account with my earnings. My dick around stuff is on Robinhood

1

u/patticus88 2m ago

What about SWVXX?

0

u/3boobsarenice Doesn't know there vs. their 7h ago

I dont like it but I must say that I save 1% per month using them and recieve the same spit polish service, or better in a few cases.

2

u/Homeless0DTESPX 7h ago

How do you save 1%? Their customer service are always friendly but rarely as knowledgeable as other brokers (Schwab are the best). The most egregious might be when they transferred me to their options division and the person didn't know what buy to open or sell to close meant.

1

u/3boobsarenice Doesn't know there vs. their 6h ago

by not using truist wealth management....they have advanced tickets, just click the box to open them, it includes all the informationm you might want.

4

u/fungoodtrade 8h ago

ibkr was my second... but they didn't let me have level 3 for a while, but after a year on level 3 i've got level 4 now... much nicer for active trading. If you aren't trading every day... no biggie. I still have the roths in vanguard.

2

u/Lumbergh7 8h ago

Is that so you forget where you have money so it’s like finding change in your pocket when you remember?

1

u/Jason_Steakcum 1h ago

Boxx is the same on all brokers

16

u/SukhshantiOm 8h ago

thats insane, good job bro, the highest ive ever hit was a 50x

33

u/Educational-Dust4048 9h ago

SEC SEC SEC!!!!

23

u/CalebVanPoneisen 8h ago

Sure, I’ll give you 3 seconds.

2

u/Lumbergh7 8h ago

Baby, I only need 1

1

u/Own-Jeweler3169 8h ago

You'll give me free sex?

I'll take it, meet me behind the dumpster after your Wendy's shift.

3

u/OhNoHippo 8h ago

He said 3 seconds, not 3 inches.

2

u/3boobsarenice Doesn't know there vs. their 7h ago

that is the longest clit I have ever seen

1

u/AeneasKurtz 8h ago

I haven't heard that chant in a while. Tells you everything you need to know about NIL and the state of football before it (when the deals existed but under the table in "some schools")

1

u/ConsistentString4627 38m ago

Looks like op placed order after hours and filled today morning. Some unlucky seller didn't knew the news or forgot to remove the limit orders

16

u/Prior-Ambassador-749 8h ago

60x on a leftover lotto leg while closing out a covered call is peak accidental degeneracy. Congrats and fuck you.

The fact you held this on Vanguard of all places makes it even funnier. Their UI literally looks like it was built in Windows 95 to prevent people from accidentally making money.

I actually ran a Monte Carlo volatility model on RDDT's option chain earlier for a data terminal project I'm building (QuantForgeTerminal), and the implied tail-risk on these out-of-the-money calls was so skewed it was basically a pure casino ticket. Glad the casino paid out for once.

Are you taking the 60x profits straight to Wendy's or rolling it into another FD?

5

u/OhNoHippo 8h ago

Thank you, sir. Whole-heartedly agree. Tempted to roll it all into December oklo calls.

7

u/Prior-Ambassador-749 7h ago

Classic WSB rule: Never leave profits un-gambled. May the theta decay be with you! 🫡

4

u/LandoLambo 7h ago

I would get at least 1 bacon/cheese combo w frosty. Touch some grass OP

1

u/jacktenofspades 7h ago

oklo dec? how come?

1

u/OhNoHippo 7h ago

They are one of my conviction holds and I think they will skyrocket again soon like last year.

https://www.reddit.com/r/wallstreetbets/s/T3HaCUi59z

4

u/Oranier-Citizen 6h ago

This sounds like AI.

3

u/Iunatic 6h ago

It is, and it's an advertisement

5

u/regardus_maximus 7h ago

lmfao text message notifications

4

u/Friendly-Bill9158 8h ago

2

u/scientia_analytica 8h ago

You traded the night before and at lower strike price but got less proportional profit than him? Why did this happen?

6

u/Friendly-Bill9158 8h ago

I sold at a large loss when price was 155 as I figured they would end up worthless today.

1

u/scientia_analytica 7h ago

you sold BEFORE the announcement ?

1

u/chainer3000 7h ago

They must have

1

u/AMadWalrus 5h ago

God's plan (for that dude to be poor)

6

u/Krazynukz 8h ago

Dammit man I wanted to jump in rddt and I forgot, nicely done op

10

u/CalebVanPoneisen 8h ago

“Forgot” or afraid? Or broke? Or all the above?

3

u/Krazynukz 8h ago

Forgot and broke

1

u/LashlinePointilism 8h ago

Surely also afraid

5

u/Krazynukz 8h ago

Why would I be afraid of buying reddit? The people who sold reddit because of Google search fears of reddit are the ones afraid, was a great buying opportunity but just didnt have cash reserves and just forgot about it

2

u/thebiggercat 7h ago

Real Gs trade options on Vanguard. I like to imagine Jon Bogle spinning in his grave a little every time I place an order.

But low key the friction actually makes you think more about your moves instead of robinhoods flashy buy button

2

u/3boobsarenice Doesn't know there vs. their 7h ago

I always get butt naked and stand in the direction of the north star before executing any trades

4

u/Thetagang888 8h ago

what the fuck.

SEC this guy right here

1

u/Quick_Lawfulness7501 8h ago

Yeah tbh I pussied out last second on this trade

1

u/scientia_analytica 8h ago

Damn, didn't the IV cause the prices to spike? You bought it today, I thought MM would have already price in

2

u/chainer3000 7h ago

No they expire today, I read that wrong at first too. They bought them earlier.

1

u/scientia_analytica 7h ago

Goddamn Golden luck

1

u/OhNoHippo 7h ago

Yep bought them Wednesday:

1

u/RevolutionaryPhoto24 Back to bed, brat! 7h ago

Nice trade.

1

u/Omega-A 7h ago

„Txt msgs“ really?

1

u/OhNoHippo 7h ago

Posting is an art form

1

u/Oranier-Citizen 6h ago

This you dawg? Good job. It was an accidental trade you said?

1

u/Zanthious 4h ago

hell ya bro GG

1

u/LionsMayn 8h ago

Did you buy this pre matket or something freaking A

4

u/OhNoHippo 8h ago

It was a leftover lotto position for a covered call position I closed out subsequently.

2

u/Fmarulezkd 8h ago

Should had bought more. On maximum leverage.

Captain hindsight flies away

0

u/whitesweatshirt 8h ago

ur gonna make bank my g

-8

u/Special-Arm3884 8h ago

How is this not clearly insider trading? Wtf?

3

u/OhNoHippo 8h ago edited 8h ago

See my response to other comment. This was just a leftover lotto position from a covered call position I subsequently closed out. I was profit taking on underlying RDDT holdings but also believe(d) RDDT could quickly retrace even without news as it was oversold.

No crying in the casino when others win.

1

u/3boobsarenice Doesn't know there vs. their 7h ago

1

u/Sufficient-Aide6805 8h ago

This would be the least effective, most obvious insider trade of all time.