The “broken record” SPY options day trade for the 7th time this month stuck on another 100% plus gain (210%)— 05/26/2023

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.

05/26/2023 — END OF THE DAY…

Today, it is the calls.

THE TWEET FIRST HOUR:

THE CLOSING DAY TRADE:

(The white flag on the chart’s right axis shows the current dollar/percentage trade for each $1K traded. The green flag shows the closed trades today. Click on the chart for a larger view.)