The Wolf trader made a big bet on AAPL earnings today where he basically bet the stock would go down. He bought a ton of puts and sold even more calls against it to lower the margin so he could do even larger size. He over-leveraged the trade to where he would either make a lot or lose it all. The trade did not have a high probability of working out. Most professional traders would prefer to sell vol going into earnings.
It appears that the Big trade that sparked media attention on Reddit and Youtube was fake because the guy behind it was using a Demo account. You can tell because there is a D in front of the account #'s, which means it is a simulation account with Interactive Brokers. He setup the blowup video in many ways similar to mine, except I used many more F-bombs and lost real money. I took down most of my videos off of the internet that I could find, but I'm sure there are still some out there floating around on the internet.