The Rise and Fall of MartyMoho

by Enron-Musk

/u/MartyMoho is one of the true original gamblers of WallStreetBets.

The Legend of MartyMoho begins on March 23rd, 2017 when he posted a $1,000,000 position in Micron (MU). This was roughly 55% shares at a $26 price average, and 45% calls split between ITM and OTM.

Micron held an earnings report later that day and the results were much better than expected. Micron delivered, skyrocketing afterhours over 10%. Marty woke up the next morning up over $600,000.

What made this even more impressive is that Marty was not some ultra-rich billionaire with a highly diversified portfolio of assets. No. Micron was the only company he owned, and this was his entire portfolio.

“Ah, well, I’ve only owned $MU or its derivatives for almost two years. I swing traded $AMD a little fall of 2016 but essentially that’s all $MU”

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. A 1200% gain.

Marty wasn’t finished though, the money, the shitposting, the endless call outs of Jim Cramer on twitter (@MartyMoho) wasn’t enough for him and in true wallstreetbets fashion, he needed more.

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. $MU was trading at $54 that day, and his strikes were all between $50-$80.

Marty remained optimistic as $MU hovered around the same price over the next several months. But on August 30th, 2018 Marty started losing hope. On this day he made his final ever comment on reddit:

“I don’t know, I expected at least a partial run-up but it’s not materializing at all. If it doesn’t pop after ER like it did this time last year, I’m pretty f’d”

$MU was trading at $53 when he made that comment, theta was killing him. But it didn’t get any better for Marty. $MU fell 40% over the next few months, all the way to $30 as his calls were expiring. $2.3 million lost, as the strikes were so far out of the money that even if he had sold, it would have been too late. They were worthless.

That was the last comment Marty ever made online, his Reddit, Twitter, and Stocktwits all stopped being active between August 30th and 31st, 2018. No one knows for sure what happened to him, but the speculation remains. One thing is for certain though. As quickly as he rose, he fell, and the legend of Marty is now just that – a legend.

 

Disclaimer: This content does not necessarily represent the views of IWB.