The #SimpleOptionsDayTrade — two profit swings to net a $SPY option for a 200% gain— 4/15/2024

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.

04/15/2024 — END OF THE DAY…

I posted on X (formerly what the…) that I liked how TradeStation charted the profits target in today’s SPY 516PUT first for a 100%, and then continued on up to net 200% for the day trade.

Don’t have much more to say since the simple option strategy has been clicking off profit targets regularly in the past few days.

The signal is the signal.

Despite the early chop chop for the small losses, when it took off it TOOK OFF, and wiped all the losses off the board!

As the great trader Linda Raschke says “Always take the signal and sometimes you just get lucky.”

On this day it was take the trades.