Extreme IBM put option gains of nearly 150,000% highlight market volatility
A Reddit user reports unprecedented gains on IBM 07/17 245P puts, with one contract worth $2 surging to $3,000 and another $40 position turning into $30,000. The post compares the event to the SPY 0dte call spike after the 90-day tariff pause tweet in April 2023.
Why it matters: The user encourages traders to seek opportunities during periods of high volatility.
0DTE SPX Puts 2335% gains on port
https://preview.redd.it/amx0dcnahtfh1.png?width=1554&format=png&auto=webp&s=e28f8f1cdc9893819d4e9c2dbf18e62c5dc25a02 Still ripping the morning opens about $15 OTM and getting out near 100% gains comfortably. The strategy still holds up, just take a quick nap or walk when it goes red and adjust limit orders like a madman when it is green. Luckily it has always gone green recently. Was up to 190k chasing the last 10k brought me back down to 50k. Getting it back slowly. https://preview.redd.it/h379a466htfh1.png?width=542&format=png&auto=webp&s=ba3c0da1e090e393556f503378dc1fc4563bceb6 Some Positions for today: https://preview.redd.it/mq9nf0h0itfh1.png?width=1554&format=png&auto=webp&s=6b0037a53da7c70deddf021ff58e1f73d7c49444   submitted by   /u/DezeQuake [link]   [comments]
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.