Call buyer turns $92M position into $477M in a month, unwinding the position as the index hits all-t

[ajacobson]

Henry Schwartz• 1stSr. Director, Head of Product Intelligence, Information Solutions Group at Cboe Global Markets1w •

• 1 week ago
  Call buyer turns $92M position into $477M in a month, unwinding the position as the index hits all-time highs! Well I'm impressed.

• From TradeAlert

• 

 

[mervyn]

Read that Tesla investor/billionaire in Singapore, he taught you how to do long calls only.

 

[traider]

Henry Schwartz• 1stSr. Director, Head of Product Intelligence, Information Solutions Group at Cboe Global Markets1w •

• 1 week ago
  Call buyer turns $92M position into $477M in a month, unwinding the position as the index hits all-time highs! Well I'm impressed.

• From TradeAlert

• 

How do they know its the same person?

 

[Nobert]

Is it a single individual, someone like Mark Cuban or was done by institution ?

No big deal if it was someone like Bridge Waters. For em to make it a good year, they need to score at least ~$5 B in profits.

Lots more calls to buy then.
(just playin a fool, ofcourse they hold multiple assets in multiple markets)

On, the other hand, if he was a single individual, i wonder, was that all in, or say 5% of his net worth.

Just curious.

 

[jordi742]

really impressive.

 

[jordi742]

So Nasdaq went up "just" 10% and he made 400% with call options. Not bad

 

[Overnight]

Nobody cares. It was a gutshot, a lucky break, and we rarely hear about the countless others who took the opposite trade and lost same amount.

What's the big deal here?

 

[schizo]

Henry Schwartz• 1stSr. Director, Head of Product Intelligence, Information Solutions Group at Cboe Global Markets1w •

• 1 week ago
  Call buyer turns $92M position into $477M in a month, unwinding the position as the index hits all-time highs! Well I'm impressed.

• From TradeAlert

• 

One would like to think it was a naked call, but what if it was a hedge against his or her short position? Ever thought about that??

 

[Actuarial_Fun]

Nobody cares. It was a gutshot, a lucky break, and we rarely hear about the countless others who took the opposite trade and lost same amount.

What's the big deal here?

Omg, this. So true. I love to read intelligent comments. Made my night

 

[Eliot Hosewater]

Nobody cares. It was a gutshot, a lucky break, and we rarely hear about the countless others who took the opposite trade and lost same amount.

What's the big deal here?

I made about 2300% in early 2020 on a gutshot. In Feb I saw there was some virus going around China and maybe got to the US. I found some weekly SPY puts for 13 cents and bought 10 contracts. Closed on Friday for around 3.00. I should have bought more but I hadn't traded options for years so I was a bit unsure. I tried it again a few times but it didn't pan out. At one point in March I was up $20k but IIRC the Fed announced they would do whatever they could to support the market and the $20k evaporated. Ended up losing everything from the first trade.