Trader Reports $30K Profit in SPY Options This Month

A Reddit user who began options trading three months ago turned a $14k loss in the first month into profitability in the following two months, reporting a $30k gain on SPY options this month. He trades both calls and puts, focusing on 7‑12 day expiries and exiting positions after 10‑20% gains or when a reversal appears, scalping on some days without using spreads or stop losses.

Why it matters: The trader emphasizes active chart monitoring and shares a hopeful note to fellow traders.