The #SimpleOptionsDayTrade — another day, another $SPY option for 100% — 4/12/2024

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.

4/12/2024 — During the day…

Today’s SPY 516PUT has gained more than a 100%, locking it its 100% profit target.

(The green flag on the charts right axis show the dollars/percentage gain for each $1K put in the trade. Click on the chart for a larger view.)