They say buying options is a “fool’s game” — May 2022.

So let’s say right off — they are wrong about that.

THE SIMPLE 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.

With examples chronicled in this link: The goal is 100% a day #DayTrading $Spy #Options and in this link: #DayTrading $SPY #Options — April, 2022.

Know when to hold ’em, know when to fold ‘em…But never hold ’em overnight.

5/31/2022 — SPY opened at 413.55

Today’s 413CALL/414PUT at the money combo pretty much wiped each other out of profits. The call at one point surge up to its 100% profit target but that only mitigated previous stop losses. The put registered losses all day.

Day-trade return between the two strikes: negative $312 for each $1,000 traded, a 31.2%. loss.

(The white flag on the charts’ right axis displays the dollar/percentage gain for each $1,000 traded. Click on the chart for a larger view.)