WHAT A TIME TO BE ALIVE 🫡
Basically a trader bought ultra-cheap $220 AMD call options before a massive price surge, turning a high-risk $10K lottery-style bet into $10.8 million by perfectly timing an explosive move that took the option from nearly worthless to deep in-the-money.
Sometimes, lightning really does strike twice — but this time, it struck on WallStreetBets.
One anonymous Redditor just pulled off a trade that’s already becoming part of retail trader legend: turning a $10,000 bet into a $10.8 million windfall using ultra-cheap $220 AMD call options.
The Setup
In late September, AMD’s stock was trading comfortably below $170. Market chatter was steady — AI chip hype, strong earnings, but nothing too out of the ordinary.
Then, in what looked like a lottery ticket play, this trader loaded up on $220 strike calls expiring weeks out. These contracts were so far out of the money they were almost worthless — priced at just a few cents per contract.
While most traders dismissed them as pure speculation, this redditor saw something others didn’t — a potential breakout fueled by upcoming earnings and bullish momentum in the semiconductor sector.
The Surge
When AMD announced its AI chip lineup and beat expectations, the stock rocketed upward — smashing through resistance levels and blowing past $200 in a matter of days.
Those “worthless” $220 calls suddenly came alive. As volatility spiked and the stock kept climbing, the contracts shot from pennies to hundreds of dollars each.
By the time the trader exited, their original $10,000 investment had turned into roughly $10.8 million — a return north of 100,000%.
The Aftermath
On Reddit and X (Twitter), the screenshots went viral within hours. Some hailed the trader as a genius. Others called it sheer luck. Either way, it’s a reminder of the wild potential (and danger) that comes with options trading.
For every $10 million win, there are thousands of traders whose “lotto” options expire worthless — but that’s the thrill of the game.
Final Thoughts
Whether you see it as brilliance or gambling, this trade will go down in Reddit lore.
It’s a story of timing, risk, and the kind of conviction that defines the new era of retail trading.
