$MSFT gaps up on its 7th day, gets PUT in the #SimpleOptionsDayTrade strategy for a 100% gain going down — 9/17/2024

They say buying options is a “fool’s game” and day trading options is impossible. So let’s say right off — they are wrong about that.

The Simple Option Strategy

TRADES are based on this simple day-trading strategy to be on the long side of the calls and puts for day trades; and referenced in this story — I told a guy how to make 100% day trading options and I doubt he believes me.

The open signal is clear and truly simple.

If the call options are above their open, buy the calls; if the put options are above their open, buy the puts.

That’s it, but use a stop-loss to control risk.

(These stock options trades are always long either the calls or the puts because the buy side is the cheapest trade, only the cost of the options.)

9/17/2024 — DURING THE DAY…

The MSFT daily run up, seven days, with a blow off gap today:

And that did not last, as the Simple Options Day Trade has the 430PUT, expiring Friday, after some ugly chop, finally popping above its open, as per the strategy linked above, and running up for a 100% winner.

(The white flag on the chart’s right axis shows the dollars/percentage gain for each $1K traded.)