I told a guy how to make 100% day trading options and I doubt he believes me

They say buying options is a “fool’s game.” So let’s say right off — they are wrong about that. The market and its stocks either go up or they go down. It’s amazing how hard it is to recognize that simplicity.

Michael Petryni

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EXAMPLES (SEE MORE AFTER THE REDDIT THREAD)

Haven’t updated this story for a month so I thought I’d stop by the neighborhood and add a new example from the SPY option day trades chronicled in other stories.

TODAY’S EXAMPLE:

5/23/2022 — AAPL

Ya gotta figure…if the market is going to bounce AAPL is gonna go with it. Or maybe if AAPL is gonna bounce, the market is going to go with it.

So what’s the option play?

AAPL, next to SPY, is in my mind the best option for day trading options.

So the market bounced today and AAPL went with it.

The point of this story is to make a 100% a day on day trades as I’ve said now many times before I was told can’t be done.

Well, the AAPL ATM 138 call could do it today, could not make 100%. It only went with the market for 87%.

That’s $870 for each $1,000 traded.

Boo-hoo!

Remember these are day trades. Never hold them overnight. And that is the other point of this story, no need to take any overnight risk.

Bank the $870 and we’ll get back to the 100% stuff later.

5/5/2022 — AAPL

Haven’t updated this story for a long time although the strategy to buy calls or puts for day trades continues to chug along making profits for those with persistence, experience and discipline.

Today there is a fine example of this strategy in play, well worth highlighting, and it comes in the biggest and best stock on which to take day trades — $AAPL.

With the market plunge post FED DAY, the AAPL ITM 165PUT, expiring tomorrow, gained 171% for the day, $1,713 for each $1,000 traded. I tweeted…

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Michael Petryni

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