$SPY #Options #DayTrade — today’s 386 Call up 265%
This chart is set to display return per $1K in play in the white flag on the right axix ($2,652 for each $1,000 in play), the #1Kdaytrade on Twitter, and the #10Ktrade in dollars in the green flag on the right axis ($26,520 for each $10K in play).
After the sell down into the close on Tuesday which led to a gap down today on the open, SPY made a low for the day (see the first white dot on the chart above), and, as has been happening frequently these days, had a successful retest of that earlier low before launching into a strong reversal day to the upside that followed through on each consolidation all the way to the close.
The context coming into the day had SPY down four out of the past five days (yesterday was a turn up from a deep intraday low), and TQQQ down seven days in a row. There had to be a bounce coming.
And the bounce resulted today in a truly spectacular example of this day-trading strategy in play.
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