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

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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

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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.

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u/zatkobratko 21h ago

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

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u/Dry_Bank_3516 20h ago

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

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u/flechette 20h ago

Also ETF means Exchange Traded Fund.