The #SimpleOptionsDayTrade — Meanwhile $META goes kerplunk for a 100% winner in the puts— 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…

META is one of the four or five monster stocks with lots of liquidity and tight option spreads so with the simple option strategy its calls and today its puts are always in play.

Today, the 500PUT, expiring Friday, was a clean buy on its open.

As I write this it is up 130% which locks in at least a 100% day trade.

See the white flag on the chart’s right axis below for the dollars/percentage gains for each $1K traded.

By the way, the stocks on the day-trading watch list are, to my mind, AAPL, MSFT, TSLA, META, and AMD. Others come and go but those stocks are permanent.

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

(Click on the chart for a larger view.)