THE DAY-TRADING DAZZLE OF BUYING OPTIONS UPDATED — 3/5/21…

Fridays 381put trade — locked 149% before the day’s reversal.

Friday’s 274call trade — up 79% into the close of the day trades.

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.

Friday’s 282put up 212% on two trades for the day trade.

And to think the only reason I worked out this simple strategy was because some ding-dong in a Facebook group told me no one could day trade options and promptly banned me from his group.

THE TRADING STRATEGY

There are so many options strategies in the stock market the head spins — a straddle, a strangle, a naked and/or a covered put and/or call, a calendar, a condor, an iron condor, an iron butterfly (isn’t that a rock band?) and any combination of any of these for hedging purposes, for capital appreciation or preservation, for gambling. Mind boggling.