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Redditor makes $8M on a perfectly-timed $150k Tesla trade
- joenot443 7y ago"The moderators of this subreddit have set it to private. You must be a moderator or approved user to visit." Not much use posting this if most HN users can't actually read it.
- fluxic 7y agoThey just switched permissions
- mdaniel 7y agoFWIW it appears that archive.is caught a copy of it, and the only comment at the time of its snapshot is "proof or gtfo": https://archive.is/U0lpu https://archive.is/U0lpu
- SilasX 7y agoWhoa, that must be recent, /r/wallstreetbets was a (relatively) popular, public sub as far as I've remembered.
- rafaelvasco 7y agoI can access it no problem. Btw, surreal story; Most people are saying the guy faked it.
- ericcholis 7y agohttps://markets.businessinsider.com/news/stocks/reddit-trader-claims-make-millions-risky-tesla-call-options-wallstreetbets-2020-2-1028880892 https://markets.businessinsider.com/news/stocks/reddit-trade...
- SilasX 7y agoAlso much better title than the current HN one, as the BI says, "A Reddit trader claims to have raked in ..."
- fluxic 7y agoBusiness insider link since the sub got put private: https://www.businessinsider.com/reddit-trader-claims-make-millions-risky-tesla-call-options-wallstreetbets-2020-2 https://www.businessinsider.com/reddit-trader-claims-make-mi... This was from yesterday; trader claimed he had puts on the stock at its peak, and doubled-up from $4M to $8M
- 1337biz 7y agoWallstreetbets is the 4chan of investing. I would take that with a grain of salt...
- KaoruAoiShiho 7y agoThe trades are typically posted ahead of when they would be profitable so everyone can follow the results together.
- daxorid 7y ago[deleted]
- ameister14 7y agoIt's not colluding to buy and sell from one another, so it isn't even close to painting the tape. It's simply sharing that a trade was made. It's not illegal to tell people you bought 20k of apple puts. Especially, as in WSB, if everyone knows you're an idiot.
- vidanay 7y agoMore like a whole truck load of salt.
- pjc50 7y agoEvery single day there's probably somebody who puts a huge amount of money on a roulette square and comes out with a 36x return on their money .. for that day. If this unsourced account is true, it must have been either heavily leveraged or an "accumulator" of a number of trades which had to come off perfectly. And with leverage you can lose more than you invest...
- tempsy 7y agoHe bought options not stock on margin.