#DayTrading $SPY #Options — April, 2022

THE SIMPLE STRATEGY

They say buying options is a “fool’s game.” 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 the day; and referenced in this story — I told a guy how to make 100% day trading options and I doubt he believes me.

Know when to hold ’em, know when to fold ‘em…But never hold ’em overnight…

4/29/2022 — End of the day —

The ITM 424PUT, expiring today, ends the day trade with $5,015 profit for every $1,000 put into the trade, 500%, an outstanding profit.

Well, not so outstanding…relative to this astonishing month.

(The flags on the chart’s right axis displays the dollar/percentage gain for each $1,000 traded. Click on the chart for a larger view.)

4/28/2022 — End of the day —

Friday’s 422CALL, despite two early losses and a disappointing sell-off into the close from its peak of more than 230%, ends the day trade with a gain of $1,662 for each $1,000 put in the trade, 166%.

(The flags on the chart’s right axis displays the dollar/percentage gain for each $1,000 traded. Click on the…