Duan Yongping made 80 million in 5 days, making money as easy as drinking water
On April 7th, he invested 2 billion in US stocks
On April 9th, US stocks experienced an epic reversal
Let's review how much was made in this operation 💰
First, he entered the market using sellput method, without buying the underlying stocks
After entering, the stock price slightly fell below the strike price and then rebounded
The profit from this operation was the premium
Excluding Apple which expires next year
The total premium for the three tickets expiring on April 11th was 11.74 million USD
Profit: 11.74/28326=4.1%
Annualized: 4.1%*52 weeks=213%
If he had bought the underlying stocks directly instead of using options
With an average rebound of 10%, he could have made roughly 28 million USD
Of course, with underlying stocks, the price might drop back tomorrow or next week
But the premium is real money in hand
$Tesla(TSLA.US)$NVIDIA(NVDA.US)$TENCENT(00700.HK)$Apple(AAPL.US)
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