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Another “Kiss Kiss Bang Bang” if played right — 05/30/2023
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.
There are two key levels to trigger an entry into a SPY options day trade — the option strike’s open (the OPEN SIGNAL) and the option strike’s low of the day (the LOD SIGNAL).
The LOD signal is complicated but can be spectacular.
The OPEN SIGNAL is clear and easily executed. If the call options are above their open, buy those; if the put options are above their open, but those.
5/30/2023 — END OF THE DAY…
More than 100% on both sides of the market — “Kiss kiss bang bang.”
FIRST THE PUT CHART:
(The white flag on the charts’ right axis show the percentage/dollars gain for each $1K traded. Click on the chart panel for a larger view.)
THEN THE CALL CHART:
(The white flag on the charts’ right axis show the percentage/dollars gain for each $1K traded. Click on the chart panel for a larger view.)
