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Dec. 5, 2020, 11:08 a.m. EST

He turned $5,000 into nearly half a million with the help of Tesla options — now he’s all in on just two stocks

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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% :

While his epic run is a heartwarming holiday trading tale, don’t forget that for every osbetel there are countless others, like , who have been caught on the wrong side of this volatile market.

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.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 653.20
-33.24 -4.84%
Volume: 30.21M
March 3, 2021 4:00p
P/E Ratio
1,039
Dividend Yield
N/A
Market Cap
$658.88 billion
Rev. per Employee
$445,694
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/zigman2/quotes/210599714/realtime
US : S&P US
3,819.72
-50.57 -1.31%
Volume: 2.72B
March 3, 2021 5:03p
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 122.06
-3.06 -2.45%
Volume: 112.97M
March 3, 2021 4:00p
P/E Ratio
33.00
Dividend Yield
0.67%
Market Cap
$2100.53 billion
Rev. per Employee
$1.86M
loading...
/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 80.86
-3.27 -3.89%
Volume: 43.54M
March 3, 2021 4:00p
P/E Ratio
39.75
Dividend Yield
N/A
Market Cap
$101.90 billion
Rev. per Employee
$774,841
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