What's up guys and welcome to wall street millennial on this channel, we cover all things: stocks and investing in this video. We're gon na go over some of the greatest gains and losses on the wall street best forum from the past week. So we can learn from other people's experiences, keep in mind that we are not financial advisors and consult with a professional before making any investment decision. This video is for entertainment purposes.

Only also these videos are made possible by our channel members who get access to these non-time sensitive videos one day in advance. First up we have user tu nice who made an unlucky yolo on tesla calls. He bought a massive amount of 700 straight calls expiring. On april 9th, which was the closest available expert at the time on the day, tesla's stock price went from 690 a share at the open to down almost five percent in one day at 661 dollars a share.

This robinhood user sunk 150 grand into the trade hoping to write a quick upswing on the appreciation of his at the money calls. Unfortunately, after depreciating by 50, in a single day, they now have become out of the money calls. The op says that he built up this position over the course of the day, starting at a 17 cost basis and adding to the position as tesla stock bled out. He bought more and more contracts at cost basis of seventeen dollars, sixteen dollars, thirteen dollars and, finally, twelve dollars per option until he ran out of money.

Now, the price of the option is only eight dollars, while his average cost per option is sixteen dollars. This is definitely one of the most direct straight lines down. We've seen on wall street bets in a while over the course of just one day the play consistently bled out to the tune of the total so far of 72 thousand dollars. The comment section strongly approves of this level of lost porn with user official tom cruise fan, saying that the op is a true wall street beth soldier.

The op responds by inviting everyone to also check out his past posts. It turns out that his old posts also feature some large tesla losses, including this one that, despite being tagged as a game, it's actually a 13 000 loss. He also posted this 66 and a half thousand dollar loss on alibaba calls from last year. It appears that this trader has a habit of making big dollar amount options yolos, with a less than perfect success.

Record good luck with your future plays next up. We have user, yellow snow globe with a near total loss on an options play. He was all in on calls on blackberry for a total cost basis of about 17 000. Blackberry stock has not been doing well in the past month, having bled out from twelve dollars a share a couple weeks ago to eight dollars and sixty cents a share on april first to make matters worse.

His calls were not in the money or even at the money, but significantly out of the money. He had two strike prices at dollars and twenty dollars, the twenty dollar strike price, would require a one hundred thirty percent increase in share price just to reach the strike price and that's not even to break even despite his experience being two and a half months away. These calls are so out of the money that they are basically worthless. He is now forced to take a 98 loss on this trade user.

Three-Eyed flamingo says that if the op just wants to get rid of money, he should just give it to him. Some other commenters are a little more sympathetic, though, with the user beautiful 14 saying that, since there's still more than two months until expiry, the op still has a chance. That might be a long shot, though, and it seems more likely that the op will just join the ranks of losing traders, of which there have been many in these past few weeks. Good luck on your future trades! Next up, we have user jflees26 after losing money by trying to time tesla.

He made the unfortunate mistake of trying to short the market. Even after seeing so many wall, street heavyweights lose money by trying to bet against the markets, it seems that some people just can't help themselves but bet against american technology and innovation. In the case of this wall street bets trader, he bet against the nasdaq composite in the form of the qqq etf, which is an etf that tracks 100 of the biggest non-financial firms in the tech heavy nasdaq. These include some of the big-name tech stocks that everyone recognizes this weeble trader bought 320 strike puts on the qqq betting.

That would go down significantly, unfortunately, for him, instead of going down, the nasdaq has gone up significantly in the past month with relatively little realized volatility. The worst combination for someone holding puts it increased from 310, a share to 325 dollars a share, putting his formerly in the money options now out of the money. The result is that the op has lost in excess of seventeen thousand dollars on this single trade. Some commenters do not take well to the fact that the op became a rainbow bear for this trade user.

Two con one asked why the op gave up those tesla calls. If he had held tesla calls over the past month. There is a good chance. He would have made a lot of money from the trough on march.

8Th tesla stock has increased 17 and a half percent, which would have probably been enough to make most call plays profitable. This just goes to show the latest evidence that you should not bet against poppy elon. Better luck on your future plays next up. We have user xyros with a very sizable loss on several names, including blackberry, biochris, pharmaceuticals and sundial growers in the past month.

Blackberry is down about 15 percent biochris pharmaceuticals is down as much as 27 from the peak and sundial growers is down conservatively at least 15 from a month ago. Meanwhile, the broader market is up significantly during the same period, with the s p 500. Up more than five percent, with almost no volatility and even more gains for the dow, unfortunately, for the op he was invested heavily in blackberry, biocryst and sundial growers with mainly weekly calls. His overall p l is almost completely red across the board.

He does have a couple straggling gainers among his options: portfolio but gains of 37 and a half dollars and 125 dollars pale in comparison to the magnitude of his losing positions. He lost 60 000 on a single options play on blackberry and many more thousands of dollars on sundial and biochrist. After an especially bad day in the markets, his overall p l all told, is in excess of a loss of 115 000 many wall street best users have been losing money on blackberry recently, including commenter potato with tomato. The op offers some condolences to fellow traders who are currently taking losses, saying that the pain of losing on a trade just makes you stronger good luck with your future trades.

Next, we have a massive all-time gain of three hundred thousand dollars on a single stock trade user matt snick invested 270 thousand dollars into riot blockchain, which is a bitcoin mining company with ticker symbol riot, because their revenue is highly linked to the price of bitcoin riot. Has had a monster past six months they were up almost two thousand percent from two and a half dollars a share to 52 dollars a share. Fortunately, for this robin hood trader, he put in 270 000 into riot back when it was less than twenty five dollars. A share and has now made one hundred ten percent returns on that massive investment.

The magnitude of this trade is so big that some commenters say that it is game porn and lost porn at the same time, referring to the fact that the one day return of minus two percent amounts to a significant twelve thousand dollars. However, even a twelve thousand dollar loss doesn't really stack up much against the backdrop of a three hundred thousand dollar all-time gain. Other commenters suggest selling some covered calls on the stock in order to de-risk selling covered calls entails, holding at least the same amount of stock. As the number of calls that you sell such that you collect the premium of the calls, but are hedged if the stock price goes up.

When you use this strategy, you still participate in some of the gains if the stock goes up, but the gains are capped at the strike price of the calls. If the stock does go down, you lose money on account of the stock that you hold becoming worth less, but no matter what happens, you still got paid the amount of the premium when you sold the calls, because of this selling covered calls, can help reduce your Overall risk, if you are along the stock, despite the incredible amount of money that was made by this robin hood user, some commenters still cannot help but point out the status of the op's phone battery. Maybe he can use some of that 300k to buy an upgrade battery for his phone. Congratulations on your life-changing gains! Alright guys that wraps it up for this video, if you like the content, make sure to smash that like button and subscribe for future videos also make sure to check out our second channel wsm research, where we post dd on high growth socks.

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