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A little known sub-Reddit dedicated to educating novice traders around options has produced an individual who turned less than $1k into over $100k. He accomplished the feat with two legendary trades on short term, out of the money puts (on Roku, and then the S&P 500). And he has the Robinhood screenshots to prove it.
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Before he became famous for the big short in the 2000s, Michael Burry discussed stock trades on online message boards. Burry’s posts were thoughtful, well-reasoned and showed deep research. The sub-Reddit WallStreetBets, with the tagline “Like 4chan found a Bloomberg terminal,” is rarely any of those things.
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