$MU was trading at $54 that day, and his strikes were all between $50-$80. On March 22nd, 2018 Marty bet all $2,300,000 on $MU calls set to expire over the course of the next several months, a majority being OTM. Marty wasn’t finished though, the money, the shitposting, the endless call outs of Jim Cramer on twitter wasn’t enough for him and in true wallstreetbets fashion, he needed more. Marty continued to hold positions in Micron over the next year, and his account reached a peak value of $2,500,000 from his original $200,000 in September 2015.
I swing traded $AMD a little fall of 2016 but essentially that's all $MU” “Ah, well, I've only owned $MU or its derivatives for almost two years. Micron was the only company he owned, and this was his entire portfolio. What made this even more impressive is that Marty was not some ultra-rich billionaire with a highly diversified portfolio of assets. Marty woke up the next morning up over $600,000. Micron delivered, skyrocketing afterhours over 10%. Micron held an earnings report later that day and the results were much better than expected. This was roughly 55% shares at a $26 price average, and 45% calls split between ITM and OTM. The Legend of MartyMoho begins on March 23rd, 2017 when he posted a $1,000,000 position in Micron (MU). u/MartyMoho is one of the true original gamblers of WallStreet Bets.
