Michael Petryni
1 min readJun 15, 2023

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First off I'm going to apply this to MSFT since that's the post you've responded to. MSFT opened at 337 so he nearest in the money strike was the 336 call. That is now up 150% at the moment, $1,500 for each $1,00 traded.

If you look back at the MSFT post you'll see a purple (magenta) horizontal line across the chart. That is the 336 call's open. The round green arrow is the 2-minute buy when that call rose "above its open"

It is amazing to me how few people can understand how simple this strategy is.

Thank for the question. Good luck.

P.S. You are right about SPY. It is the 436 Call that is in play today. It is currently up 300% on the same "above its open" buy signal. I tweeted that when it gained more than 100%. I'll write about how it goes into the close and put that post in my #Broken Record Options" list:

https://thegodoftrading.medium.com/list/broken-record-options-14f25419a4f1

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Michael Petryni
Michael Petryni

Written by Michael Petryni

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

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