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Plans for the weekend? Quick 100% in the $SPY #OPTIONS #DAYTRADE and done for the day— 10/20/2023

Michael Petryni
Oct 23, 2023

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THE SIMPLE STRATEGY

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.

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 those; if the put options are above their open, buy those.

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

10/23/2023 — During the day, housekeeping in the “Broken Records Options” library.

Just catching up here on what happened Friday.

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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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