#DayTrading $SPY calls and puts, a simple trading strategy

Update 8/2/21

Same old, same old strategy for the SPY in-the-money 441 put expiring today.

Chopped out three times on stop losses early in the day before it took off for an overall 190% day-trading gain.

Update 7/2/21

Same old, same old strategy for the SPY in-the-money 431 call expiring today.

Chopped out twice on stop losses early in the day (see the chart below) before it took for an overall 182% day-trading gain.

Very nice end to the week.

Have a good holiday remembering and celebrating the democracy we have.

(Click on the chart for a larger view)

Update 6/28/21

Monday, Monday, so good to me…

Indeed it was a Mama’s and Papa’s Monday.

Despite a sell-off in the SPY virtually from the open, the ETF and its ITM 426 call found a bottom midday and steadily rose all the way into the close (see the chart below).

There was one stop loss on one attempted bottom pick, but when it got going IT GOT GOING for a total gain on the day trade of 270%.

Have I said before, and shown, for day traders in options it’s the open and it’s…