A seesaw trending day up that fell down and ran up again — 11/14/2023

Michael Petryni
1 min readNov 15, 2023

THE SIMPLE STRATEGY

They say buying options is a “fool’s game” and day trading options is impossible. So let’s say right off — they are wrong about that.

TRADES are based on this simple day-trading strategy to be on the long side of the calls and puts for day trades; and referenced in this story — I told a guy how to make 100% day trading options and I doubt he believes me.

The open signal is clear and truly simple.

If the call options are above their open, buy the calls; if the put options are above their open, buy the puts.

That’s it, but use a stop-loss to control risk.

11/14/2023 — AFTER THE CLOSE

Posted this as the market took vaulted up again and the 445CALL locked in a 100% gain:

It went higher but sold off mid-day enough to bring in more buyers and finish its day trade up 88% at the close.

A trailing stop guaranteed the 100% profit target. Letting the “Simple Strategy” ride to the close scored the 88%.

Sometimes it is “knowing when to hold ’em, when to fold ‘em” but sometimes it is simply “forgetaboutit!”

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Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/membership