The #SimpleOptionsDayTrade Strategy clicks off three 100% profit targets — today $SPY, $QQQ, $AMD — 6/20/2024

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 Option 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.

TODAY’S DAY TRADES (6/20)

I pound this simple strategy nearly every day. Well, not every day, mostly the big winners, but it is in play every day.

With SPY and QQQ both up seven days in a row, it was likely there would be a sell off soon. So soon turned out to be today.

The SPY 551PUT, expiring today, racked its 100% gain, while the QQQ 487PUT, expiring tomorrow, did the same (see the charts below).

SPY and QQQ options are routinely in tune with market direction.