Don't cry for me Argentina. He was still up ~ $130K last three months after the drop of $180K. Still better than most.
A one month ATM options prior to drop (8-31-18 call option @ $215 strike) had a premium of ~$10 on 7-25-18, today it has a premium of $ $0.15. Don't tell me you cannot lose this much by buying calls. Earning plays are extremely risky in options.
Fair enough, but do people usually buy this many calls? It seems to me that since he made his money very quickly, it wasn't just from buying ATM options. I mean how would he go up so quickly if he is just buying ATM calls? He was probably doing something more exotic than this.
Ironically now that we see the kind of trades he's making - the fact that he's up doesn't seem to imply out performance. It looks more like luck and poor money management.
I always find this line of thinking very strange (and seems quite common). He speaks like if the lost 180K were not his money and all that matters is the profit over the initial amount.
Everyone is a genius in a bull market ... until. I would expect he will have more big hits to his account in the near future, while trading off his low battery phone LOL.
Given the choice, I would rather be lucky than be good. Those of us mom and pop retails that trade option profitably in this bull market are also lucky rather than good.