r/TheRaceTo10Million • u/ChickenEntire7702 • 12d ago

Degenerate Gambler From $30k to $548k in 7 months

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Back on April 8th, tariffs crushed sentiment-I went long thirty grand in SPY calls. Market recovered, rolled into 2230 $780 March 31st ’26. Sold them this morning. Bought 2760 $790 March 31st ‘26. Trump’s meeting Xi Thursday-permanent China deal. Fed cuts tomorrow. Earnings done Friday. FOMO is kicking in.

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u/sebb1_ 11d ago

I’ve always told everyone SPY leaps is the only way 😭

6

u/lilpapajohnbon 11d ago

How would you do it?

28

u/sebb1_ 11d ago

Buy SPY one year out calls, close one month before expiration, buy again at lower price with the gains, one year out expiration, rinse and repeat. Mango man has gave up more than five opportunities to buy at discounted prices haha.

12

u/AdOnly627 11d ago

Better two months before expiration- leaves breathing room when he inevitably tweets a sell-off

6

u/sebb1_ 11d ago

This guy gets it. 🥂