1400% Return From One Options Trade

Summary

Earn Your Leisure Podcast
Episode: 1400% Return From One Options Trade
Date: May 16, 2026
Hosts: Rashad Bilal, Troy Millings
Platform: iHeartPodcasts

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Episode Overview

In this episode of Earn Your Leisure, hosts Troy Millings and Mike dive deep into the world of options trading, detailing a recent successful series of trades on Micron Technology (MU) resulting in returns as high as 1400%. The conversation moves beyond just numbers, covering trading strategies, market psychology, and the value of resilience amid criticism. The hosts share insights into their decision-making process, the concept of “stacking” options, and the long-term approach that enabled them to achieve such substantial gains. The discussion is rich with personal experience, practical advice, and encouragement for those navigating finance and investing.

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Key Discussion Points & Insights

The 1400% Options Trade on Micron (MU)

• Entry into MU Options (02:25)
  • Troy recounts his investment journey in Micron options, referencing earlier discussions from previous EY University classes.
  • He outlines a timeline of building positions: “...first MU option that I purchased. Then a few months down the line, purchased another... two months ago, I purchased the MU option.” (02:25–03:02)
  • Mike displays a portfolio screenshot with returns of 1400%, 355%, and 67% across different MU option contracts, all expiring between January and December 2027.
• Triple Crown / Stacking Strategy (03:15)
  • Troy coins the returns as the “Triple Crown hat trick” or “4, 3, 2, 1,” referring to four digits (1400%), three digits (355%), two digits (67%), and the unity of all trades being with one company.
  • He explains this reflects a consistent, disciplined approach where multiple options at different strike prices and expirations are layered over time (aka "stacking").

Psychology & Perseverance in Investing

• Handling Adversity (04:30–06:22)
  • Troy highlights the significance of his “67%” gain. Despite a steep drop after purchase, he held his position, citing that enduring market dips with conviction is crucial.
    • Notable quote: “You judge a man during times of adversity. And during a moment which seemed to be adversity, some people chose to throw rocks at, said, throwing disrespectful views.” (05:45)
  • He addresses criticism and the importance of focusing on fundamentals over market noise:
    • “I would prefer critique... was down 30. Now we up 60. The reason why is because, look, we waited it out, didn’t panic, I didn’t sell, didn’t let outside distractions come into play.” (06:20–06:39)
• Context on Returns (06:41–07:16)
  • Troy puts the gains into perspective: “When I was a financial advisor... the goal was to get your clients 7.2% a year on their money for 10 years... So, 67% in two months? That’s unbelievable.” (06:41–07:16)
  • Emphasizes that most people underestimate how lucrative compounding returns can be.

Why Micron? – Fundamentals & Conviction

• Why Picked MU? (07:17–08:36)
  • MU is lauded for its fundamentals: “The company is a good company. Memory is a core component to the AI infrastructure space... demand for their technology is through the roof.” (07:55)
  • The hosts stress this isn't speculative gambling (like meme stocks), but grounded investment in a business with a strong outlook.
• Long-Term Options ("Leaps") (07:57–08:36)
  • The strategy combines long-dated call options near the money with patience, targeting companies with stable, growing fundamentals.

Teamwork and Execution

• Host Dynamics & Trust (08:41–10:00)
  • Mike and Troy discuss how their partnership works: “I’m gonna let him be great at something, he gonna let me be great at something. And when we come together, we all agree.” (08:44)
  • They echo the trust the community places in them for due diligence and insight, especially with ongoing coverage of Micron since it traded at $87.

Practical Breakdown: Stacking Options and Portfolio Management

• “Stacking” Explained (10:00–11:35)
  • Mike describes executing multiple “runs” across varying contracts and expiry dates, layering trades as their analysis supports continued growth.
    • Example: Buying calls at strikes of 110, 130, 230, 250, and 360, with portfolios showing realized gains of 320% on underlying shares.
  • Portfolio transparency: “This is not theoretical... this is literally the portfolio. And if you in EYLU, y’all seen this portfolio. This is not anything that’s new to y’all.” (10:45)
• Portfolio Diversification: Sandisk Example (11:35–13:00)
  • The hosts extend their stacking method to other companies, e.g., Sandisk, with trades out to 2028.
    • “We are sitting here in May of 2026. That’s a 2:30 call... If I showed you how much each one of those calls will go for right now. Change your life. You’d be in shock.” (12:35)
  • The strategy of taking profit (“runners”) and leaving positions to ride gains is highlighted, demonstrating capital recycling and risk management.

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Notable Quotes & Memorable Moments

• On Perseverance
  • “You judge a man during times of adversity. And during a moment which seemed to be adversity, some people chose to throw rocks at, said, throwing disrespectful views.” – Troy (05:45)
• On Outperforming Market Norms
  • “So, 67% in two months? That’s unbelievable. Within itself, 355%, 1400%. Now you start to go into the life-changing category.” – Troy (07:13)
• On Synergy in Teamwork
  • “People always ask, well, how do you, how do you use your dynamic work? And I’m like, I’m gonna let him be great at something. He gonna let me be great at something. And when we come together, we all agree.” – Mike (08:44)
• On Portfolio Transparency
  • “This is not just the like theoretical things or hypothetical things. This is literally the portfolio. And if you in EYLU, y’ all seen this portfolio. This is not anything that’s new to y’ all.” – Mike (10:45)

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Timestamps for Important Segments

• 02:25 – Troy introduces Micron options trades and the evolution of his holdings.
• 03:15 – Introduction of the “4, 3, 2, 1” triple crown stacking strategy.
• 05:45 – Discussion on adversity, criticism, and perseverance in investing.
• 06:41 – Historical context on returns and compounding.
• 07:55 – Fundamental business case for Micron.
• 10:00 – Mike gives an explicit breakdown of option stacking and portfolio performance.
• 11:35 – Sandisk trades as an example of strategy applied across different equities.
• 12:35 – Real-life account of call options yielding life-changing results.

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Summary

This episode serves as both an inspiring narrative and a practical guide for options traders at all levels. By pulling back the curtain on a spectacular 1400% gain in a single trade—and supplementing it with real-world strategy discussion—the hosts drive home vital lessons in resilience, research, and patience. Importantly, they highlight that such wins are grounded in sound fundamentals and strategic stacking of options, rather than pure speculation. The camaraderie and open sharing of actual portfolio performance offer motivation and transparency for all listeners seeking to "earn their leisure."

Transcript

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[Troy]

What's up?

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There's no question too embarrassing for Amazon Health AI. Chat your symptoms and get virtual care 24. 7 Healthcare just got less painful. Can we talk about this options call that recently

[Mike]

you had an options call?

[Troy]

I did. So tell me more about it. So Micron mu. I'm sure everybody's familiar with MU now. We talked about MU so much. But I remember Troy had talked about MU last year in his in his options class in EY University and always watch. I always watch the Options EY University class. He talked about it on market Mondays. So that was the first MU option that I purchased. Then a few months down the Line purchase another MU option. And then two months ago, I purchased the MU option. So can we show the screenshot, Mike? If we can. All right, so this is a screenshot from my portfolio.

[Mike]

So can we. Can we just give a fire in the chat for your green jacket? Can we do that?

[Troy]

Green jacket. Oh, that's why you order green a day. See?

[Mike]

See?

[Troy]

Okay.

[Mike]

Gotcha, Gotcha.

[Troy]

So. So the 1400%, that's the. That's the first one. And obviously the second one is 355%. You see, those are actually the same dates. January 15, 2027. And then I went further out and got the December 17, 2027. And that one is up 67%. So before we take this down, just want everybody to just take a mental screenshot. So. So it's 4. It's 1400%, it's 355, and then it's 67. Okay, Mike, you could bring us back up now so that, you know, I like to call out the trip. The triple Crown hat trick. You can also call it the hat trick. You can also call it the 4, 3, 2, 1. Shout out to MG. He did the 4, 3, 2, one with real estate. But the reason why I say 4321 is because it's four digits. 1400%. Three digits, 355, two digits, 67. And the one digit stands for the 11 company. It's consistent across one company. It's also called stacking. Troy will probably talk about that in a little bit, but. Yeah, okay, why do I talk about this? It's important to stay around positive, positive people. And it's important, you know, listen to. Listen to. You're never going to make money from being negative. Now, the last one, the last one was the most important one to me because that one, I'm up 67. So somebody would say, well, why is those 67 more important than the 1400%? Because it speaks to a certain level of adversity. When I purchased it, and the reason why I did purchase it is because mu, you know, they blew out their earnings. And I think it had dropped. Long story short. And I purchased it because I'm like, I already dropped. But then shortly after I purchased it, it dropped again. Pretty, pretty drastically, actually. But I mean, if you look at. If you look at MU's last earnings report, it's pretty historic. As far as the numbers. Like they, they did crazy numbers. It didn't drop for. This is becoming a pattern. It didn't drop because they underperformed. They Overperformed, it dropped because Wall street speculation people had already made so much money and they've been doing that all the time, taking profit. And you know, you judge a man by how you don't judge a man by times of triumph. You judge a man during times of adversity. And during a moment would seem to be adversity. Some people chose to throw rocks at said throwing disrespectful views.

[Mike]

Disrespectful views.

[Troy]

Yes they did.

[Mike]

Disrespectful views.

[Troy]

Yes they did. And there's nothing wrong with criticism, right? Absolutely not.

[Mike]

Critique is a better word.

[Troy]

I would prefer critique was down, was down 30. Now we up 60. So the reason why is because look, we waited it out, didn't panic, I didn't sell, didn't. I didn't let outside distractions come into play. We waited it out.

[Mike]

Oh, we did man, we stayed low.

[Troy]

And when you really look, when you really think about it, 60 for two months. It's amazing within itself for any. Like I said when I was a financial advisor, we had the rule of 72 and the goal was to get your clients 7.2% a year on their money for 10 years. Because if you get 7.2% on your money for 10 years at like every year for 10 years, then you double your money. So the goal was to try to double people's money in a 10 year time frame, by the way. And this is, this was established, this was, this was like standard, this was industry standard.

[Mike]

This is a law.

[Troy]

Yeah, pretty much, yeah. So I don't think people don't fully, sometimes I don't think, especially if you knew, you might not have a full understanding of historical rates of return expectations. Sometimes people's expectations are not realistic. Like they don't fully understand. Like just 60, 67% in two months. That's unbelievable. Within itself, 355%, 1400%. Now you start to go into the life changing category. But it's a message. It's a message because the company is a good company. Memory is a core component to the AI infrastructure. Space they have, the demand for their technology is through the roof. It's not slowing down. It's fundamentally sound. It's not GameStop. It's fundamentally sound. I mean everything, you know, check the box. So the option strategy, you know, the leaps is long term, be doing close to the money. Strong companies, you know, all of these things to, to kind of put yourself in a position to win. Right. So with that being said, God is

[Mike]

the greatest, that God is the Greatest of all time.

[Troy]

I, I, God is the greatest.

[Mike]

I will say this. I'm proud. Nothing I said this last week, and I'll reiterate it, that nothing makes me more proud than watching, like, the family win. And so watching his games is, is, I mean, it's incredible feeling for me to know that, number one. And I said this. People always ask, well, how do you, how do you use your dynamic work? And I'm like, I'm gonna let him be great at something. He gonna let me be great at something. And when we come together, we all agree. And so spending time in front of the charts reading, I, he trusts me to do that, right? Just like the community trust me to do that. Y' all come here watching it. Trust me to do that. So I'm super diligent about what we're talking about. So Micron, again, that's not even a company that should be coming as a surprise. We've been talking about it for two years when it was $87. And so to, to watch what it's doing now and hear critique about a company that, you know, we've, we've explained the story, understand the story. We left the part out where I got the phone call when it dipped down. I'm like, look, has the story changed? Like, bro, has the story changed? No, it hasn't changed. In fact, every time we end the show, I'll get like, hey, where you think this thing's going? I told him, when I said, I think this is going to 400. Ran past 400. Yo, look, shout out. I really think we're going to 500. I came on here two weeks after I told him, lasted six years. And so the story hasn't changed. Demand hasn't changed. That's only going to increase. Mike, if you could, if you could just pull up the, the next slide real quick, because I think this is important, too, because when we talk about stacking, some people might not understand what that is. And so there's no, there's a jean jacket here, but we've, we've had a thousand percent returns probably two or three times already with Micron on this run. Like I said, we were in the 110 call, 130 call, as you can see here, as it's run up, right? Number one, that first line. So if you're an E trade, like that first line, that's white. That's me owning shares. And so my shares, I think I got like 500 shares. Those shares are up 320. So when we're Talking about foundation. This is not just the like theoretical things or hypothetical things. This is literally the portfolio. And if you in Eylu, y' all seen this portfolio. This is not anything that's new to y'. All. So you can see like before it was 230 was 175. All right, let's grab the 230 out to 26. We did that. All right. We still think this thing is going. All right, we're going to grab a 250 out to 27. All right, it's still going. We're going to grab the 360 out to the 27th of December. And as we're seeing it pull back. We're going to grab some more. We're going to grab some more. And so that is literally what a stack looks like. We have the leverage of having the shares up 320%. We already have a long term one out to 20, 27. Right, right. December, you can see it down there, the 360. Now can we make some gains in between? And obviously you can see that's what's happening here. Mike, give me the next one too because it's not just Micron. All right, so here's Sandis right. When we talk about leverage, we spoke about it last Monday. Now I said either way we're gonna, you're gonna be fine. Right? Like you, we had those contracts that were expiring at the end of the week. I know you sold yours Thursday. Yeah, you sold your Thursday. I said I'm a hold to the end. And I did. And true to what we're saying, if you watch the earnings report, it blew out all its earnings on every metric. And we watched it climb down over delivered, over delivered. By the time the market opened, we were back up. By the time we closed, we were up $97. And so that call was thing 140% when I sold it. But look, I still got the one that's going out to this Friday. Right. That was at 69% on Thursday. And now we're at 222% going into Friday. I might let this one go already. We've already hit 100 mark. We took out our initial investment. These are just all runners, like all these are runners. And as you can see when we're talking about stacking, look at that top one. That's out to January of 2028. We are sitting here in May of 2026. That's a 2:30 call. If I showed you how much each one of those calls will go for right now. Change your life. You'd be in shock. I should have put that in here. But this is what we're talking about of having leverage, right? I'm out to 2028 already. Can we make some money in the intermediate and that's what we've been doing with SanDisk and shout out to everybody that has you can bring us back.

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