Why should I thank them? I am and was never interested in crypto's. I trade the ES so I would have preferred that they had thrown away their money there.
One day to expiration. Stock now < 8$. so the put should be a gain of 50% as indicated then. Still too small for the time. Obviously with benefit of hindsight, selling deep itm calls would have been better - although money still tied down.
From the personal stories department: "I like the guy on /r/personalfinance that sold in December last year to net himself over $120,000, never paid short term capital gains taxes, then poured all of it into nonsense altcoins which this year crashed his holdings to $30,000. Now he's bewildered the IRS tells him he owes $50,000 on that $120000 gain he thought they just wouldn't notice. In other words he took his life savings and in about a year turned it into -$20,000"
You never hear about these type of guys...you just hear about the Outlier Success Stories...who make this world seem and feel like Disneyland Marshmallow land where every trader can become a Millionaire , Moral of the story...be a Master of One, not a jack of all trades. Instead of shifting things and money around...trade One thing, and Master it very well. Be a philosophical surgeon with that one instrument trading class. -- And you will generally do well and prosper in the market,
Bet there's plenty of morons did that, Any idiot can ride a scam higher. Selling is the skill, and many don't / never will/ have it
There are a lot of ET folks getting ready to short CME bitcoin futures Load up, boys! All you can eat. https://www.marketwatch.com/story/bitcoin-under-shadow-of-death-cross-chart-pattern-2018-03-16