Michael Petryni
1 min readNov 13, 2023

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Maybe you have some magic that is wildly beyond me. The rules are so simple everyone seems to have trouble believing how simple.

If the call is above it open buy the call and use the call's low of day at that points as the stop. Same for the put. Above its open, but it, use its low of the day at that point as the stop loss.

Your problem is to find and track the calls and puts that don't make 100% plus (those are in my "Broken Record Options" library.)

I will be very interested in your work but I gotta tell you I think your going to have to do a hell of a lot of work on a back test that probably won't be accurate. Why not start manually recording the puts and calls on each day trade going forward and see how that turns out for the rest of the year?

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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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