Wall Street Bets trader forgets to sell 400K S&P options, loses $233K to time decay overnight.

Uh so a Wall Street Bets trader forgets to sell 400K of S&P's options gains. So on September 21, so yesterday, the S&P hit an inday high of 7779, turning a trader 685 contracts of 7775 date expiry calls into peak gains of over 2600%. Talk about convexity. or about $233,000 before time decay wiped them out. The Reddit post shares a screenshot from the account jumping from 9,000 then crashing paired with a crying Pepe. The frog meme spilling nuggets. Reactions called it a generational tendees fumble, spotlighting the high risk and thrill and rapid loss of zero date options trading that demand non-stop monitoring.