'Like 4chan found a Bloomberg terminal': Here's how one Reddit user raked in a 14,000% return on two simple trades

Eddie Choi, member of the WallStreetBets Reddit page, turned $766 into $107,758 by trading options on Roku stock and an S&P 500 exchange-traded fund.

A member of the Reddit page WallStreetBets grew $766 into $107,758 in two late-September trades, Bloomberg reported Thursday. Eddie Choi first purchased put options for Roku stock, profiting $49,787 when the streaming provider's shares tanked more than 19% on September 20. The trader then used his profits to buy put options for the SPDR S&P 500 ETF — or SPY — an exchange-traded fund that tracks the benchmark's performance.

A member of the Reddit page WallStreetBets grew $766 into $107,758 in two late-September trades, Bloomberg reported Thursday. Eddie Choi first purchased put options for Roku stock, profiting $49,787 when the streaming provider's shares tanked more than 19% on September 20. The trader then used his profits to buy put options for the SPDR S&P 500 ETF — or SPY — an exchange-traded fund that tracks the benchmark's performance.

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