TL;DR
A Redditor’s overnight “win” with options is a classic gambling tale disguised as investing. It’s less about skill, more about a rigged game where the house always wins in the long run.
Story
From $1.6k to $33k in a day? On Reddit, this story is celebrated as a win. In the real world, it’s a flashing red light. Let’s dissect why.
This isn’t investing; it’s gambling. Specifically, options trading—bets on future price moves. Think of it like betting on a horse race, except the track is rigged and you don’t know the odds.
‣ Options: Contracts giving the right, but not obligation, to buy/sell an asset at a set price.
The screenshot shows AAPL (Apple) and NVDA (Nvidia) options exploding in value. This insane return happened due to short-term market volatility, not fundamental value. Like a casino, quick wins hook you—the next bet wipes you out.
Remember the 2008 crash? Greed fueled by complex derivatives—cousins of options—tanked the global economy. History rhymes. Today, it’s meme stocks and options, hyped online. The euphoria is identical. The devastation will be too.
The Redditor mentions holding “til expiry.” This is peak gambling. It maximizes risk. If the bet sours, you’re not just losing some profits, you’re possibly bankrupt, and it will happen before the weekend is over.
‣ Expiry: The date an option contract becomes worthless.
The comments are a chorus of gamblers egging each other on. “Cocaine, you can take second place lol”—that’s not investing advice, it’s addiction talking.
The poster claims to “know.” No one knows the market. This isn’t knowledge; it’s blind luck. Mistaking it for skill is how fortunes vanish.
Advice
Treat “hot tips” and overnight riches with extreme skepticism. If it sounds too good to be true, it is. Focus on long-term, diversified investing, not get-rich-quick schemes.