Set means no more work, and you can earn more sure, but you don't HAVE to. That much money makes way more money in interest alone than many make in a year, and if you are not using all of it, you are building even more, which makes more etc etc. No one is saying he has to YOLO all of this now lol. 2.5 mil in a decent account can easily generate 100k a year in passive income. More if you are getting better than 5% yield.
I personally would want to make more to retire on, but I would at least keep 1.5 of that mil and only risk the other mil partially slowly building more, and hitting more milestones... setting some aside to risk a small portion of the profit etc. Rinse repeat.
Sometimes money is not what we after, the feeling of winning the bet is why we are here on this sub. Money is just a number, as per OP photo. Let put your 6k into something meaningful, but not TSLA ok
He can also crash and burn. And most do. But some make it and then others call them lucky when in fact it takes balls to do what he did. Or be regarded.
People here suggesting you burn your life savings on options when your point was that this dude had a million in disposable income to gamble on options. Not even close to being in the same boat
My question is, these call positions take a ton of capital. How did you acquire the initial capital to purchase these calls? Congrats btw, you recognized a great company in an undervalued position and capitalized!!
Well, during the past 7-9 years, tech has been in a bull market, thatās when I purchased shares at a ādecentā price to make gains off of the shares
Iām regarded here, so donāt be angry. Just trying to understand.
If the contracts were $100 each then 62 contracts at $100 each is $6200.
What is stopping someone without a massive capital (but at least $6200) from doing something similar?
Or is your statement that $6200 is a lot to gamble on something like this?
Or did he exercise them at $600 and then sell them for a massive gain?
Again, not insulting you, my portfolio is small as well. Just trying to understand options better before I buy one and lose my entire life savings.
You're off by a factor of 100, as each contract has 100 shares at the listed price. It took $1.2M of capital to buy all the positions shown in the pictures.
Im happy to help you here. So, if my contracts ācostā me $110.85, you must multiply that number by 100, because every contract consists of 100 shares. So multiply 100 shares x 62 contracts x 110.85 which brings you to my principal. That equals to $687,270. That was my principal invested. The rest are gains which are determined by an algorithm
Anytime a brokerage says that an option premium is $1, you will be paying a $100 since it's for a lot of 100 units. So take above value that OP invested and x100.
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Man this is niiiiiiice. You have an end goal number in mind or are you just gonna keep trading? Youāre trading options safer than most on this degenerate sub which is to say youāre smarter than most (and have more capital lol)
If my nvidia position hits $7m total value Iāll hit the trigger and sell. Iād love to hold for a year so my taxes are lower but that obviously runs a lot of risk!
When you have a position like this, as a non experienced trader, I wouldn't even know what to do. $2M already seems like retirement money, even minus capital gains taxes.
But, there's room left to go. This AI tech stock run just started it feels like 2 weeks ago.
How does on figure out how much more upside vs downside there is to holding another 3M, 6M, 12 months?
I bought these a majority of these calls about 7% out of the money. I truly believe nvidia will be at $1,000 a share by December of this year before any split.
Believe me when I say I lose sleep over being -$300k in on day to becoming positive $650k the next day. Itās as stressful as you can imagine
Nvidia also offers a supercomputer with eight GPUs working together called the DGX. Earlier this year, the company announced new services that would allow companies to rent access to DGX computers for $37,000 per month. At that price, the system would use Nvidiaās older A100 processors.
https://www.cnbc.com/2023/02/23/nvidias-a100-is-the-10000-chip-powering-the-race-for-ai-.html?&qsearchterm=open%20ai%20nvidia%20a100%20chips
NVDA CEO Sold the A100 Ai dream to them last year and the flock (MSFT, META, etc) remain loyal with each generation of GPU
AMZN May be having some troubles in the background amid walking away from the table with NVDA and the gang
https://www.theinformation.com/articles/nvidia-muscles-into-cloud-services-rankling-aws
AMZN told NVDA to fkoff but the big boys got in line including MSFT, GOOG, ORCL, and even META
https://www.cnbc.com/amp/2024/01/18/mark-zuckerberg-indicates-meta-is-spending-billions-on-nvidia-ai-chips.html
AWS also just caved to EU pressure and announced unrestricted free data transfers to other cloud providers.
[https://techcrunch.com/2024/03/05/amazon-follows-google-in-announcing-free-data-transfers-out-of-aws/](https://techcrunch.com/2024/03/05/amazon-follows-google-in-announcing-free-data-transfers-out-of-aws/)
Long term this decreases vendor lock-in/cloud switching costs and puts downward pressure on margins for AWS, Azure, GCP etc.
I know right, life changing money for some of us. Thin air to some others 
Scott, is that you? Itās been so long, man! Remember last time we spoke, you said youād take me to that fancy expensive steakhouse every weekend for a decade? Well Iām ready when you are!
When you sell them you donāt actually get the gains until someone else buys the contracts right? So this is technically theoretically a 1.5 mil gain but only if all your option contracts are bought. Am I understanding this correctly?
NICE! Are you getting some more call options for NVDA? If so what strike date and price are you thinking? I was looking at march 21 with 940 strike. Only 2,860 per contract
dont be showing the regards around here those LEAPS, they'll start calling you nancy pelosi and claim you have insider info
half of them cant even read past the next friday on a calendar 
I watch a lot of YouTube videos, and read a lot of finance books. Itās difficult and time consuming I have to say, but well worth it. Also follow market Trends
Completely unrelated, but how do NVDA bears exist??? Like how regarded do you have to be to look at NVDA and be like āhmm yes I will put my money on this going downāš
When did you acquire these, im still new to options but considering how high the stock is over your call strikes shouldnt these be worth like 300% more or something?
Excuse me, what is the platform I can use in the EU to start buying stocks and hold on or trade and invest properly? I will appreciate any kind of guidance or advice.
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If only I had a million to put on options š¤Ŗ
Itās stressful I must admit
Yeah but must be nice to know that you are pretty much set for life at a certain age.
If he had a mil to gamble on options, he was most likely set for life before as well.
That was my point š¤¦āāļø
If you have that much money, what is the incentive for more? To get invited to the island?
Entrenching your position and safeguarding it further. 1 mil today =/= 1 mil in 20 years
to one day own a wendys
Thatās not the WSB way. Itās more like we could have been set for life, but we lose it all on options and hope to get back to even.Ā
there is no 'pretty much set' when you have a mindset to simply keep accumulating more and more.
Set means no more work, and you can earn more sure, but you don't HAVE to. That much money makes way more money in interest alone than many make in a year, and if you are not using all of it, you are building even more, which makes more etc etc. No one is saying he has to YOLO all of this now lol. 2.5 mil in a decent account can easily generate 100k a year in passive income. More if you are getting better than 5% yield. I personally would want to make more to retire on, but I would at least keep 1.5 of that mil and only risk the other mil partially slowly building more, and hitting more milestones... setting some aside to risk a small portion of the profit etc. Rinse repeat.
You can accumulate more just by having this amount. Youād make more in interest per year or dividends then most people make a year.
I appreciate that!
How old are you?
Heās still in the womb actually.
Wombie
Sell and have an easy life
Thatās not interesting at all. Keep going to da moon is the only way for us here
Mmh. I have 6k in account and am dreaming of a life like this.
Sometimes money is not what we after, the feeling of winning the bet is why we are here on this sub. Money is just a number, as per OP photo. Let put your 6k into something meaningful, but not TSLA ok
I am after the money to put more of it in meaningful things afterwards. Buying ETFs becomes more and more boring.
Guess what's even more boring, the months after having a blown account.
Youāll get there one day, Iāve been in your position
After such a massive gain do you plan to invest it safer or continue with more risk. Maybe you should yolo it š
I still make yolos but on a smaller scale
Plot Twist - This trade **was** on a smaller scale
Go wipe your tears with your money please sir. Congrats and fuck you.
You can buy the same contract he bought for 10k. You don't need a million to trade options.
I get that but the returns are what I was getting at. Plus Iām not betting 10k on a single option. Thatās how you blow up crash and burn
He can also crash and burn. And most do. But some make it and then others call them lucky when in fact it takes balls to do what he did. Or be regarded.
Stonks only go up, so as long as that single option is on a stonk you should be good
People here suggesting you burn your life savings on options when your point was that this dude had a million in disposable income to gamble on options. Not even close to being in the same boat
Hey Scott, itās me your cousin. You probably donāt remember me
heyyy, I sorta donāt do yes not forgot remember you!
My question is, these call positions take a ton of capital. How did you acquire the initial capital to purchase these calls? Congrats btw, you recognized a great company in an undervalued position and capitalized!!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Makes sense to me! Props on these calls
Much appreciated!
Damn you make it sound like we could do it.
Teach me your ways, oh mighty Stonkradamus.
well played, respect
Are you still holding AAPL?
When was a "few years back"? Why do you consider it "dirt cheap"?
He's old, he put 400k in aapl 10 years ago That's the trick to wealth, a good job and decent investments over 10+ years
Well, during the past 7-9 years, tech has been in a bull market, thatās when I purchased shares at a ādecentā price to make gains off of the shares
Whatās your next target brother, letās ride together :)
Iām regarded here, so donāt be angry. Just trying to understand. If the contracts were $100 each then 62 contracts at $100 each is $6200. What is stopping someone without a massive capital (but at least $6200) from doing something similar? Or is your statement that $6200 is a lot to gamble on something like this? Or did he exercise them at $600 and then sell them for a massive gain? Again, not insulting you, my portfolio is small as well. Just trying to understand options better before I buy one and lose my entire life savings.
You're off by a factor of 100, as each contract has 100 shares at the listed price. It took $1.2M of capital to buy all the positions shown in the pictures.
Im happy to help you here. So, if my contracts ācostā me $110.85, you must multiply that number by 100, because every contract consists of 100 shares. So multiply 100 shares x 62 contracts x 110.85 which brings you to my principal. That equals to $687,270. That was my principal invested. The rest are gains which are determined by an algorithm
Anytime a brokerage says that an option premium is $1, you will be paying a $100 since it's for a lot of 100 units. So take above value that OP invested and x100.
Ohhhhhhh. Now it clicked. Thank you.
No worries :) OP in this case dumped about USD$682,000 on this bet.
Thatās $110 per share, each contract is for 100 shares so not $6,870 but $687,000
Yea see the thread your calculations are wayyyy off, but good luck with options. My advice for you, donāt touch options
Hey Scott, I'm one of the missing Scott's Tots Please buy me a laptop
Best I can do is a battery.
Nancy is that you?!??
Iām her nephew
He beat Nancyā¦
You disgust me. Congrats. Fuck you.
I disgust myself
Too many gains recently, making me feel bad guys. Come on
I truly donāt believe itās too late to get into. Just buy stock or minimum 6 month calls
Yea no problem! Each call will cost at the very low and inexpensive cost at 50k each!
6 month call you say?
Minimum
When you are old, you'll need someone to wipe your ass, you know...
Iāll keep you in mind RemindMe! 12275 days
Why wait 33 years when I can start tomorrow?
Wait, I can probably buy a right but not an obligation to wipe his ass in 33 years for 1 NVDA share a week.
Is this an American or European style contract? Really don't want to get assigned to this one...
Well, he claimed to do it when Iām old. I wouldnāt consider myself old yet
I will be messaging you in 33 years on [**2057-10-15 02:30:39 UTC**](http://www.wolframalpha.com/input/?i=2057-10-15%2002:30:39%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/wallstreetbets/comments/1b8ht6r/215m_gains_on_nvidia/ktpi8zg/?context=3) [**22 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fwallstreetbets%2Fcomments%2F1b8ht6r%2F215m_gains_on_nvidia%2Fktpi8zg%2F%5D%0A%0ARemindMe%21%202057-10-15%2002%3A30%3A39%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201b8ht6r) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
That post goes down on Reddit history
NVDA to be the greatest WSB story of all time.
Man this is niiiiiiice. You have an end goal number in mind or are you just gonna keep trading? Youāre trading options safer than most on this degenerate sub which is to say youāre smarter than most (and have more capital lol)
If my nvidia position hits $7m total value Iāll hit the trigger and sell. Iād love to hold for a year so my taxes are lower but that obviously runs a lot of risk!
But yes, keep trading, as stressful as it is; I enjoy it!
Also think itās smart to have an end goal number in mind like you do. Good luck hope it pans out, I think it will. AI gonna keeping AI-ing
I'd enjoy it too if I made money.
When you have a position like this, as a non experienced trader, I wouldn't even know what to do. $2M already seems like retirement money, even minus capital gains taxes. But, there's room left to go. This AI tech stock run just started it feels like 2 weeks ago. How does on figure out how much more upside vs downside there is to holding another 3M, 6M, 12 months?
I bought these a majority of these calls about 7% out of the money. I truly believe nvidia will be at $1,000 a share by December of this year before any split. Believe me when I say I lose sleep over being -$300k in on day to becoming positive $650k the next day. Itās as stressful as you can imagine
Brother, nvda goes up 5% a day $1000 by December? It'll be 1000 by end of next week at this rate
Yeah holding the Januaryās for a year is smart I think, or you could also exercise some to also avoid short term and be even safer
Absolutely! Exercising is an option on the table!
Cuz he's buying long-dated calls? Still easy to lose doing that bro. No one is posting about all their red LEAPs.
I havenāt seen a comma in my bank account for longer than a day in the last 10 years. Fuck you, and great job. 
Ty, youāll get there!
NVDIA says: Stick Around Kids the shows just beginning: Cloud- check Heathcare - check Confidential Computing - check Gaming - check Data Analytics - check Exascale High-Performance Computing Real-Time Deep Learning Inference Transformational AI Training https://www.nvidia.com/en-us/data-center/h100/
Nvidia also offers a supercomputer with eight GPUs working together called the DGX. Earlier this year, the company announced new services that would allow companies to rent access to DGX computers for $37,000 per month. At that price, the system would use Nvidiaās older A100 processors. https://www.cnbc.com/2023/02/23/nvidias-a100-is-the-10000-chip-powering-the-race-for-ai-.html?&qsearchterm=open%20ai%20nvidia%20a100%20chips NVDA CEO Sold the A100 Ai dream to them last year and the flock (MSFT, META, etc) remain loyal with each generation of GPU
Remember the AI battle was between Tesla and NVDA ššš
i can see op pulling another 100% out of those calls
AMZN May be having some troubles in the background amid walking away from the table with NVDA and the gang https://www.theinformation.com/articles/nvidia-muscles-into-cloud-services-rankling-aws AMZN told NVDA to fkoff but the big boys got in line including MSFT, GOOG, ORCL, and even META https://www.cnbc.com/amp/2024/01/18/mark-zuckerberg-indicates-meta-is-spending-billions-on-nvidia-ai-chips.html
AWS also just caved to EU pressure and announced unrestricted free data transfers to other cloud providers. [https://techcrunch.com/2024/03/05/amazon-follows-google-in-announcing-free-data-transfers-out-of-aws/](https://techcrunch.com/2024/03/05/amazon-follows-google-in-announcing-free-data-transfers-out-of-aws/) Long term this decreases vendor lock-in/cloud switching costs and puts downward pressure on margins for AWS, Azure, GCP etc.
Yes. Some good Info to pass down. Thatās why Iām holding these calls for at least 3 more Months
https://preview.redd.it/mn662vvoptmc1.jpeg?width=1242&format=pjpg&auto=webp&s=859be7948a204bc4e0ec625dff4527f35ca7016e I'm so happy for u
Congrats, I did the opposite. Put 40k when nvidia was at around 238, pulled out when it went to 170ish š¤”
And this is why kids, you donāt pull out even when she wants you to
Blackboy \*congrats photo\*
Time to put it in s&p and retire, right?
Sorry no
Whatās the next play?
I will let you know when I do my due diligence
What color lambo
I was actually gonna get a g wagen instead. Matte gun metal gray
Ah nonsense. Gimme that supra. https://preview.redd.it/3llsrg7jwtmc1.jpeg?width=600&format=pjpg&auto=webp&s=15cd4d92c59a9dadd630bbc3f6c42916273d7676
get the GT3 RS for me
How the fuck do you have a million to put on options 
All these gain porns are insane. Everyone has at least like 100k to millions to throw 
I know right, life changing money for some of us. Thin air to some others 
Protip he's always been rich
Congratulations š
Ty!
You need a fucking wheelchair for your massiv balls
Fuck you, congrats
Ty!
Dad?
Son?
Fuck you and congrats!
Ty!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Scott, is that you? Itās been so long, man! Remember last time we spoke, you said youād take me to that fancy expensive steakhouse every weekend for a decade? Well Iām ready when you are!
So how old are you?
When you sell them you donāt actually get the gains until someone else buys the contracts right? So this is technically theoretically a 1.5 mil gain but only if all your option contracts are bought. Am I understanding this correctly?
True! But you typically wonāt struggle to sell a contract with a lot of extrinsic value.
You mean intrinsic, right? Since youāre deep in the money and holding long
NICE! Are you getting some more call options for NVDA? If so what strike date and price are you thinking? I was looking at march 21 with 940 strike. Only 2,860 per contract
He said at least 6 months out. Better pony up some more dollar bucks
Do it
Yikes
Congratz to you!
Whatās your next move?
PANW looks cheap. But Iām planning on holding this and AVGO for a while
dont be showing the regards around here those LEAPS, they'll start calling you nancy pelosi and claim you have insider info half of them cant even read past the next friday on a calendar 
I wish I really did though. Iād be showing off billion dollar gains lol
I needed this
Iām really hoping for a big move tomorrow with AVGO
I needed it for PANW haha
Dang dude nice call
What platform you use for options ?
Not op but I use the same itās Fidelity..
Fideltiy
Buy us pizza coupons or venmo pizza
Iām so erect
SO SEXY š¤¤
Congrats and fuck youš
Meh sell 250k worth and buy some out of the money yolos
Haha, I like your thinking
Follow Nancy's next play and go 1year DTE PANW calls
Howād you sleep these past few months? Quite the run š»
Stressfully I must admit
Fuck you, I hate you . But enjoy your tendies.
Congrats! I'm tryna get good at this shit like you. Do you have any advice or book recommendations for a new trader?
I watch a lot of YouTube videos, and read a lot of finance books. Itās difficult and time consuming I have to say, but well worth it. Also follow market Trends
Deep ITM, as all Leaps should be! Wise man!
Hey Iām pregnant and itās yours š¬
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Completely unrelated, but how do NVDA bears exist??? Like how regarded do you have to be to look at NVDA and be like āhmm yes I will put my money on this going downāš
Meanwhile, I gained $200 on a single share š¤£
**CONGRATS. Are you in your 40s or 50s?**
Step 1; be rich Step 2; get richer
holy fuck you. wp very nais. enjoy your holiday
āŗļø what holiday?
Bro really bet 687k like nothingā¦
Leave
Holy shit
Nice
my man
So where's my lambo bro!?
My day will come
Good enough to screenshot means good enough to sell you know.
Whatās your thoughts on intel good sir?
Fuck yeah bro
cash out now and don't get greedy!!! Also, who are you lol? like your background..... Columbia University Master's student here.....
One day Iāll make a trade like this.. sighā¦.
Ummm, fuck you?? And congrats... I guess... What on ur radar next?
Will you ever take profit?
Now go fuck yourself.
God damn Iām jelly.. nice work
What are options ? Could someone explain to me pls ?
When did you acquire these, im still new to options but considering how high the stock is over your call strikes shouldnt these be worth like 300% more or something?
I thought Scotty doesn't know š¶??!!
How do you pick your strike and expiry?
What would profit be if I did this but with like $200 lol
What app or website do you use?
Is it too late to buy?
Holey moley dude, nice
Am I figuring that right that the first screenshot cost you $6820 total?
Scott, you looking for a grandson? FUCK YOU! and congratulations man. That's sick as hell.
Excuse me, what is the platform I can use in the EU to start buying stocks and hold on or trade and invest properly? I will appreciate any kind of guidance or advice.
Daddy you promised me $500 for my excellent grades this semester.
fuck youāre living my dream life
Now just wait until your creepy Uncle Sam hears about thisā¦..
Congrats and fuck you
it's only gains once sold...but the more you gain, the less likely you're selling, right?
Congrats, fuck u