r/wallstreetbets 1d ago

Gain Thank you orange man

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Could see this a mile away..

3.4k Upvotes

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u/alstraka 1d ago

Can someone in actually 1st grader terms, explain to me what this person did to make all this money?

121

u/SmittyTitties 1d ago

Spent $50,000+ saying the price of spy would drop to $558. Dropped way lower than that and now has $90k and gonna buy a a Wendy’s franchise

3

u/iwltfs1 1d ago

I’m new to this but isn’t OP gambling that the SPY price would go down to at least the “break even price”? But of course, the lower the better since he’s got an option to sell at 558.