u/breakyourteethnow ·
Reddit — r/options
· February 26, 2026 at 21:48
· ⬆ 29 pts
· 💬 119 comments
| View on Reddit ↗
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Summary
The post is a general discussion about the difficulty of "getting rich" using various options strategies, contrasting different approaches like those seen on WallStreetBets (WSB) and Thetagang.
The author's thesis is that most short-term options trading strategies are losing propositions due to factors like theta decay, volatility crush, and the need for precise timing. The author suggests that the most viable path to significant wealth with options involves buying long-dated options (LEAPS) on high-growth, speculative stocks and correctly timing the exit.
Quality assessment: This is a speculative and anecdotal post, reflecting the author's personal observations and opinions rather than in-depth research or data-driven analysis. It should be classified as noise.
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This is something literally hundreds of thousands of people are trying to accomplish. There's Thetagang, WSB, stocks, options all with the same goal in mind financial freedom.
Who's actually making it RICH? On WSB, some have extreme luck making $100k leap frogging earnings, but it never lasts and usually their all-time is at big loss.
Thetagang can make money if they start with a massive port. Most stocks users are looking for 100-200% return *in five years*. Options is a losing game when short dated, you have theta decay + picking right direction + gamma ramp up if using spreads + volatility dropping even if do pick right direction (mainly affecting calls) + PDT for many which makes it a losing battle overall.
The only people I've seen get rich are those who bought LEAPS on OKLO at $6, ASTS at $2, RKLB at $4, NVDA at $5, HOOD at $8, RGTI at $.80c, even then you'd have to time the exit and not panic sell early.
I've only seen one trader on YouTube who's making it by trading momentum stocks for 2-3 minutes in the morning, won't mention names they're not the point. Nobody else on YouTube seems legit just selling courses and hiding their trading results.
It seems the only real strategy to get rich with options is poor man's covered calls, which is going long still like buying shares but offsetting the risk by selling against and hoping covered call strikes are never breached aggressively. So who's getting rich other than market makers and those holding 20+ years?
The author lists OKLO as an example of a stock where buying LEAPS at a low price ($6) was a successful strategy for "getting rich." This implies that the author views OKLO as a high-growth, high-potential stock capable of significant price appreciation, making it a suitable candidate for a long-term bullish options play. The post implicitly suggests that buying long-dated call options (LEAPS) on OKLO could be a viable strategy to capture significant upside, based on its past performance as a wealth-generating stock. The mention is retrospective and not a forward-looking prediction. The stock may not repeat its past performance, and LEAPS carry the risk of total loss if the thesis does not play out within the contract's timeframe.
The author identifies ASTS as a stock where buying LEAPS at $2 was a path to significant wealth, grouping it with other high-growth names. By highlighting it as a past success story for long-term options holders, the author suggests ASTS has the volatile, high-upside characteristics suitable for such a strategy. The post indirectly endorses a long-term bullish outlook on ASTS, suggesting that LEAPS could be an effective vehicle for profiting from its potential growth, mirroring past successes. This is a historical example, not a current analysis. The company's fundamentals may have changed, and there is no guarantee of future performance. Speculative stocks like ASTS are highly volatile.
The author includes RKLB in a list of stocks where buying LEAPS at a low price point ($4) proved to be a highly profitable strategy. This inclusion suggests the author believes RKLB possesses the necessary growth potential and volatility to generate outsized returns for long-term call option holders. The post implicitly frames RKLB as a stock to consider for long-term bullish plays using LEAPS, based on its demonstrated ability to create wealth for early investors who used this strategy. The observation is backward-looking. The "easy money" may have already been made, and the stock's future trajectory is uncertain. LEAPS can expire worthless if the stock stagnates or declines.
This Reddit post, published February 26, 2026,
features u/breakyourteethnow
discussing OKLO, ASTS, RKLB.
3 trade ideas extracted by AI with direction and confidence scoring.