Member-only story

#DayTrading Charts

Michael Petryni
10 min readSep 10, 2021

--

A collection…

12/20/2021 — End of the day

Almost forgot to post this.

Today’s 452CALL, on a LOD signal, turned around during the day close the day trade up 112%.

Another daily double in the SPY options day trade.

And I’ll stick my neck out a bit farther — we’re likely going to have a “turnaround Tuesday” tomorrow, given how oversold the market is. That is pretty much a guess since the NYSI is down but the NYMO is deeply down but my #Nifty50StockList has 38 stocks on sells and 36 oversold.

Thirty-six stocks oversold out of 50 is a clue to a snap up to come.

If I’ve guessed right this will be mostly a one day bounce, maybe even a relief rally for Christmas this week, but I doubt we have seen the lows on this down swing.

12/16/2021 — Updated at end of the the day

If the options, puts or calls, are above the open, buy them, with the open for a stop-loss.

That simple.

Three $SPY strikes, PUTS expiring Friday, had a fantastic day with profits at 100% plus, led by the MSFT 335 up 280%.

For further reference see THE 100% A DAY TRADING OPTIONS STRATEGY.

--

--

Michael Petryni
Michael Petryni

Written by Michael Petryni

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

Responses (1)