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$SPY #Options #DayTrade 4/14 update

Michael Petryni
5 min readMar 15, 2021

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4/14/21 Update — As SPY failed a retest of its day’s high, it triggered a day trading buy on the ITM 414 Put, expiring today, and generated a 152% on the close. Should noted the put’s retest of its low was successful.

4/9/21 Update — As SPY one minute into the market triggered a day-trading buy signal, today’s 408 ATM Call after an intraday chop that never stopped it out, rocketed into the Friday close to a 216% gain.

This chart is set to display return per $1K in play in the white flag or horizontal line on the right axis (the #1Kdaytrade on Twitter), and the #10Ktrade in dollars in the green flag or horizontal line on the right axis, which also makes for easy percentage calculations.

3/31/21 Update — Today’s 396 Call peaked at up 98% but chopped all the way down to a break into the close.

As the Kenny Rogers song said: “ You gotta know when to hold ’em and know when to fold ‘em.”

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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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