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

MW UPDATE: He turned $5,000 into nearly half a million with the help of Tesla options -- now he's all in on just two stocks

By Shawn Langlois

It was a November to remember for a trader going by the name of osbetel , 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 $(TSLA)$ option plays, which skyrocketed when it was announced that the stock would be added to the S&P 500 .

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 $(AAPL)$ and AMD $(AMD.AU)$:

While his epic run is a heartwarming holiday trading tale, don't forget that for every osbetel there are countless others, like thiccgreenlines , 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.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

December 05, 2020 11:08 ET (16:08 GMT)

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