By Shawn Langlois
It was a November to remember for a trader going by the name of in Reddit’s stock-flipping “WallStreetBets” community , where outsized risk reigns and passive investing is left to the boomers.
If his story is to be believed, osbetel has managed to turn $5,000 into just shy of $500,000 in a matter of weeks, thanks mostly to his Tesla /zigman2/quotes/203558040/composite TSLA -4.84% option plays, which skyrocketed when it was announced that the stock would be added to the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.31% .
Next stop, he says, is $1 million by year-end. His journey began about a month ago, according to a series of posts, like this one , documenting his plays along the way:
Where was his portfolio just a few weeks before the most recent surge? Nowhere near that level, as you can see from this Nov. 9 update :
In fine “WallStreetBets” fashion, osbetel apparently celebrated with a “36mm Datejust, Rose gold, jubilee, and slate Roman diamond dial” Rolex, which he was glad to unveil to the gang :
So what’s next? Take some of those profits off the table and pay off debts? Buy that dream house? Maybe put a big chunk in an index fund or a basket of dividend stocks? And face the backlash from his fellow gunslingers? Nah — he’s letting it all ride on Apple /zigman2/quotes/202934861/composite AAPL -2.45% and AMD /zigman2/quotes/208144392/composite AMD -3.89% :
As for osbetel , that lofty $1 million target got a little bit closer in Tuesday’s session, with Apple and AMD both joining in the broad market rally.