The Simple #Options #DayTrade — A Gap and Crash to put buying $SPY and $QQQ puts in big profits” — 3/27/2024

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.

The Simple Options Strategy

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.

The open signal is clear and truly simple.

If the call options are above their open, buy the calls; if the put options are above their open, buy the puts.

That’s it, but use a stop-loss to control risk.

3/27/2024 — During the day…

Already, the 100% profit target are hit less than an hour into the day.

See the white flags on the charts’ right axis below for the dollars/percentage gains for each $1K traded.

With persistence, experience and discipline, one might make a living day trading this strategy.

(Click on the charts for a larger view.)