Check the link in OP initial post. From what I can tell, he trades verts and ITM calls.. Forget his P and L,it appears he looks lije he knows what hes doing.Not a wild punter with garbage calls
Really stupid analogy. In business/trading there can be/are multiple winners. In sports there can be one champion at the same time. But later on sure, Mike Tyson can be Ali... For the record, the Reddit poster started out with 30K 10 years ago. ------------ "No, I started with $30k over a decade ago. The latest trades I started with $300-400k(depending on how you count it, I took some out early on) last April. Made $10m, cashed out nearly all of it and restarted with $350k last November. This will be my third taking profits and restarting."
it sounds like his 'secret sauce' is that the market is in a monster rally and basically goes up a fair bit every day, almost without fail lol. Lots of people on twitter have been killing it for quite a long time now with all kinds of 'long only' strategies on the indicies. It's a bit like how so many daytraders got rich during the last bubble trading tech stocks where they'd all fly up a shit tonne every day
I really like what this trader is doing. Definitely not paper... And, even if the market is going up, I wonder how many are up a 1000% for the year.
I've been trying to replicate his profits in the PnL and you would need a 2SD move to make those kinds of profits with his 800 contract AMZN 10 wide call spread.
Your post shows the July 130-140 call spread on top,but you are simulating the 175-185... Without looking,no way a 10 point verticals trades at 3.40 if you need a 1.5- 2 standard move..
Correction...the chart was showing 1SD. I adjusted the price to $3.40 and would need to move about $2.46 so less than a standard deviation.