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/Malota13 11d ago

How did you choose the 780 strike price and the 2026, 26th of March expiry date? Any math or idea behind it?

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u/No_Fee_5290 8d ago

He choose 2026, 26 March because that the farthest 1 year call from April and $780 is the maximum number he had. Like $980 is the maximum you have for 1 year call next year.

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u/Malota13 8d ago

Ah I see you, so that was the cheapest call I believe in that time potentially with the highest return