Along with today’s running of the bulls, this happened too — 11/02/2023

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.

Today’s SPY426CALL racked up a 100% plus gain, the first this month for the “Simple Strategy.”

The second day…didn’t take long.

(The white flag on the chart’s right axis shows the dollar/percentage day for each $1K in the day trade. Click on the chart for a larger view.)