“$88k to $415M to zero. A true hero among men”

Pekelo · Oct 5, 2024

ironchef said:
1. That is a far cry from taking something off the table when you have a $400M profits.
2. I don't think he traded derivatives of TSLA. From what I read he used margins to juice his returns.
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1. 17 MM is still 17 MM more than zero. (But kinda irrelevant since it went to charity as a tax write off.)

2. Options were mentioned in the article. You don't make 5000 bags return with margins only.

SunTrader · Oct 5, 2024

nitrene said:
More loss porn from r/WSB. I remember in 2022 when the QQQ was crashing there were a lot of stories like this along with the "Fuck your calls" memes from an AI generated Powell carrying a machine gun.
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Imaginary loss porn.

swinging tick · Oct 5, 2024

TrAndy2022 said:
There are factor options on european exchanges available, have not seen them on CBOE so far. Those factors behave like leveraged ETFs on single stocks, but here is the difference. They offer it on a very wide range of single stocks all the way up to 10x and 15x daily leveraged. On Indices it is up to 25x leveraged. Now if you can catch a ca. +50% move from a single stock without too much drawdown in between, say in 2 months or so, you can make with a 10x leveraged factor option here around 800% to 1000%. The best is that the volatility is not priced in, so you can play out all the big moves on earnings. Second best, there is no volume limit, like you have it on some CFD brokers where you can buy max. 1000 shares on any name with 5% margin. Especially for a stock below $30 it is not lucrative to trade those. So here with those factor options you can easily trade on bid ask volume $100k per side. And X millions you can also place with a bit larger spread cost. So here you can do your XX million gain after a +1000% or +10000% move on 10x leveraged single stock. I have seen +54000% in just a few months here. There is no other way to create bigger returns. So here must be the ball played in that manner from that Yolo king of this thread start. It is possible to do 300 times your initial risk on 1 trade or a few trades with that kind of leveraged single stocks called also "Factor options". You (almost) cannot do this with any CBOE or any in the US traded options it seems. The heaven of leverage is elsewhere. But you must be excellent in timing of course, the double edge sword of leverage can also hurt you quickly too.
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@TrAndy2022
I searched for "factor options European exchanges" but didn't find anything other than regular European style options. Are these "factor options" different? What exchange are they traded at? Where can I find contract specifications, list of symbols, etc.
Thanks!

TrAndy2022 · Oct 5, 2024

swinging tick said:
@TrAndy2022
I searched for "factor options European exchanges" but didn't find anything other than regular European style options. Are these "factor options" different? What exchange are they traded at? Where can I find contract specifications, list of symbols, etc.
Thanks!
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https://www.onvista.de/derivate/Fak...urlProspectus&participationRateWinRange=10;10

https://www.boerse-stuttgart.de/en/tools/finder-tools/winner-and-loser/?category=5111

https://www.boerse-stuttgart.de/en/tools/finder-tools/factor-certificates/

Thor · Oct 5, 2024

TrAndy2022 said:
There are factor options on european exchanges available, have not seen them on CBOE so far. Those factors behave like leveraged ETFs on single stocks, but here is the difference. They offer it on a very wide range of single stocks all the way up to 10x and 15x daily leveraged. On Indices it is up to 25x leveraged. Now if you can catch a ca. +50% move from a single stock without too much drawdown in between, say in 2 months or so, you can make with a 10x leveraged factor option here around 800% to 1000%. The best is that the volatility is not priced in, so you can play out all the big moves on earnings. Second best, there is no volume limit, like you have it on some CFD brokers where you can buy max. 1000 shares on any name with 5% margin. Especially for a stock below $30 it is not lucrative to trade those. So here with those factor options you can easily trade on bid ask volume $100k per side. And X millions you can also place with a bit larger spread cost. So here you can do your XX million gain after a +1000% or +10000% move on 10x leveraged single stock. I have seen +54000% in just a few months here. There is no other way to create bigger returns. So here must be the ball played in that manner from that Yolo king of this thread start. It is possible to do 300 times your initial risk on 1 trade or a few trades with that kind of leveraged single stocks called also "Factor options". You (almost) cannot do this with any CBOE or any in the US traded options it seems. The heaven of leverage is elsewhere. But you must be excellent in timing of course, the double edge sword of leverage can also hurt you quickly too.
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Great post!
One of the best, wrt information I've seen on ET

swinging tick · Oct 6, 2024

TrAndy2022 said:
https://www.onvista.de/derivate/Fak...urlProspectus&participationRateWinRange=10;10

https://www.boerse-stuttgart.de/en/tools/finder-tools/winner-and-loser/?category=5111

https://www.boerse-stuttgart.de/en/tools/finder-tools/factor-certificates/
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Thanks!

SimpleMeLike · Oct 7, 2024

TrailerParkTed said:
If it’s true, how do you go from $88k to $400 million to $0?

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Good Morning TrailerParkTed,

Good to traders made a +$million dollars.