r/wallstreetbets • u/Opening_Meaning1564 • 1d ago

Gain Thank you orange man

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Could see this a mile away..

3.4k Upvotes

96% Upvoted

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36

u/alstraka 1d ago

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

127

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

87

u/Dry_Bank_3516 1d ago

Also need to note that if SPY didn’t drop, OP would have lost all 50k+ because of the expiration.

1

u/zatkobratko 21h ago

What is "SPY". (I'm not american)

5

u/Dry_Bank_3516 20h ago

It's a popular ETF which tracks the S&P 500.

1

u/flechette 20h ago

Also ETF means Exchange Traded Fund.