WSB's $48K to $900K 0DTE SPY trade and what it leaves out
As seen on the 24/7 Wall St. homepage on October 22, 2026.
buy low sell high? good idea, might have to try it
A 0DTE SPY and SPX run from $48,000 to $900,000 in two months is the kind of post that pulls new traders into the riskiest product on the board. The top comments are already picking apart the screenshot, and nobody posts the accounts that went to zero.
Continue ReadingShow less
A user on r/wallstreetbets posted that they turned $48,000 into $900,000 in roughly two months, almost entirely from 0DTE SPY and SPX options. The author also noted they withdrew money from the account to buy a car and fund a cruise for their parents, which is why the displayed balance sits lower.
The post is drawing scrutiny in the comments almost as fast as it is drawing applause. One of the highest-voted replies, citing a screenshot the author shared, argues the starting account actually held far more than $48,000, which reframes the headline figure. The top comment is a dry one-liner about the stated strategy: buy low, sell high.
Zero-days-to-expiration options on SPY and SPX expire the same day they are purchased, so a position can double or go to zero within hours. The author explicitly states in the post that they are not encouraging others to start trading options.
Posts like this one have a well-documented pull on newer traders, rising to the top of a 504-upvote thread where the losses that preceded the win, or the accounts that never recovered at all, are absent from the story being told.
Sources
Mentioned: SPY