“Simplify, simplify, simplify,” said the great trading guru, Henry David Thoreau, for another 228% — 06/01/2023

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.

There are two key levels to trigger an entry into a SPY options day trade — the option strike’s open and the option strike’s low of the day (the LOD).

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

06/01/2023 — END OF THE DAY…

Today, it is the calls.

Could be a big bull run could begin now…

The stock market hates uncertainty. With the debt ceiling finally lifted in the nick of time, the big uncertainty died today and the market responded.

With the NYMO up, crossing the zero line, turning on a NYSI buy signal for tomorrow’s open…

Today SPY 417CALL gained 228% on the day trade, $2,289 for each $1Ktraded.

Great start for the new month and by the way another “broken record” trade of 100% or more after eight of those in May (spectacular!).