[qwrusz]

Firstly: this is just overall a ridiculously incorrect comment.

Second: the 30x return discussed was back in 2008-2009. The flash crash you are talking about happened in 2010. Also the SPY moved down like -10% during the crash. Bro, come on.

[chrisatumd]

I just want to jump in and comment that 30x gains in a year are not really that crazy with out of the money close to expiration options. I've had 2 different years in the past with better than 30x gains (and years where my options account went to 0).

If you had bought out of the money puts with a near term expiration for an index like SPY and it dropped 10%, you could be talking 80-1000 times return depending on how far out of the money and how close to expiration.

Disclaimer: I do not recommend out of the money options trading for anything other than pure gambling on money you couldn't care less about losing.

[qwrusz]

Ok Hacker News, I think I am done for the day after this.

Just to be clear, we are talking about a 30x return in someone's entire net worth, in 12 months, from trading.

I didn't say you couldn't construct a perfect hypothetical trade that in hindsight would have earned someone a huge 30x or 100x return or whatever. Not sure how that's even relevant though (unless maybe you trade from home and buy those expensive mega-ultimate-dragon options trading online skype courses and still think such trades are even worth talking about).

I didn't even say a 30x return of his net worth was impossible, I said it's "hard to believe" and "very high'.

But apparently a 30x return "is easy" and this guy has done it twice...

OK. Well it's been fun. HAGW everyone

P.S. I appreciate chrisatumd's disclaimer, nice to see, and a good reminder that investing and trading is gambling and you can lose it all, whether you're an amateur or pro.

[rrrrsss99]

Were you buying these options throughout they year, or just near earnings?

[MR4D]

Here's an option on DB (DeutscheBank) that moved 10x THIS MORNING.

http://finance.yahoo.com/quote/DB170217P00017000?p=DB170217P...

Here's a PUT option on WMT (Walmart) that moved 35x also this morning:

http://finance.yahoo.com/quote/WMT170217P00062500?p=WMT17021...

Here's an option on CL (Colgate Palmolive) that moved 8 this morning as well.

http://finance.yahoo.com/quote/CL170217C00077500?p=CL170217C...

SOMEBODY made money today on these, and the market hasn't been open for an hour yet.

Before calling my comment "ridiculously incorrect", I would appreciate it if you would show a better understanding of capital markets.