#Stock #Options #Daytrade — Some scalps taken 10/09/2023

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 stocks options day trade — the option strike’s open and the option strike’s low of the day (the LOD).

The LOD signal is complicated but can be spectacular.

The Open Signal is clear and easily executed. If the call options are above their open, buy those; if the put options are above their open, buy those.

10/09/2023 — During the day…

An obvious reminder there are also options on stocks that can be day-traded for tidy little profits (and sometimes big profits).

This is about scalping liquid options, with tight spreads, on big stocks that can have big moves during the day.

Stocks don’t always have the big gains that SPY can generate but $AAPL $MSFT $META $TSLA and $NVDA can and do frequently makes moves worth playing with the “Simple Strategy” for quick profits.

And sometimes with the general market has a trending day, like yesterday, the stocks will go…