TL;DR

A Reddit user claims to have turned $660 into $170,000 in 3 days trading 0DTE SPX options. This is not investing; it’s reckless gambling masked as strategy, and it’s likely to end badly.

Story

Another day, another get-rich-quick scheme. This time, it’s 0DTE (zero days-to-expiration) SPX options, turning $660 into $170,000 in 72 hours. Sounds too good to be true? It is.

Here’s the breakdown: 0DTE options are bets on the S&P 500’s very short-term movement.‣ S&P 500: Imagine it like the ‘average’ of the top 500 US company stocks. They’re cheap to buy, so small price swings mean massive percentage gains (or losses). This is pure gambling, not investing.

The Reddit post boasts of timing the market perfectly. But luck runs out. Remember 2008? Or the dot-com bubble?‣ Dot-com bubble: When internet stocks soared in the late ’90s, then crashed hard. Greed blinds people to the risks. Just like a casino, the house always wins.

This ’trader’ now has margin to amplify bets.‣ Margin: Borrowing money to trade, like using a credit card for gambling. What happens when a bad bet wipes out not just their winnings, but also their borrowed money? They’re left with crippling debt—the dark side of leverage.‣ Leverage: Using borrowed funds to amplify potential returns, but also losses.

The comments are a chorus of envy and disbelief. Some even want to copy this ‘strategy.’ This is how herd mentality leads to financial ruin. Like moths to a flame, these ‘investors’ are drawn to the promise of easy money, ignoring the inevitable burn.

This isn’t financial wizardry; it’s a recipe for disaster. Think of it as financial Russian roulette. One wrong move, and you’re broke.

Advice

Avoid 0DTE options unless you enjoy losing money quickly. Real investing is about long-term growth, not overnight riches.

Source

https://www.reddit.com/r/wallstreetbets/comments/1j3mnhw/660_170k_3_days_of_0dte_spx_trades/