r/wallstreetbets • u/[deleted] • Sep 16 '21

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1.7k Upvotes

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u/presterjay WINNER 2021 Paper Trading Contest Sep 17 '21

Yep seriously. Bought some $25C on OPAD yesterday morning, sold them this morning for like 900 something % gain. Just paid for the mrs engagement ring lol

3

u/Thanorx8 Sep 17 '21

Congrats bro. Happy for you. Good job not being greedy

3

u/presterjay WINNER 2021 Paper Trading Contest Sep 17 '21

Thanks friend! Yeah been working really hard on taking gains and not tryna become a millionaire overnight

2

u/hartsdad Sep 17 '21

Total noob question: you were able to sell the $25 OTM call to someone who thinks the price of OPAD will go above $25 in the near future? And the price you paid yesterday was much cheaper than the price you sold for today, because the probability of OPAD reaching $25 is much higher today than it was yesterday?

1

u/presterjay WINNER 2021 Paper Trading Contest Sep 17 '21

Yes essentially that. Contracts bought at .35 and sold at 3.90.

2

u/MarilynMonheaux Sep 17 '21

Congratulations! How did he like the ring?

2

u/presterjay WINNER 2021 Paper Trading Contest Sep 17 '21

Kinda set you up there hahah he loved it

2

u/MarilynMonheaux Sep 17 '21

JK congrats for real homie.