To tell the truth today’s 100% winner in the #SimpleOptionsDayTrade felt kinda boring — 05/13/2024

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.

5/13/2024 — End of the day…

The SPY 523PUT trudged up off the open to its 100% profit target, then slopped sideways for the rest of the day.

I say boring because I posted that gain on X (you know, the name change from Twitter to Elon Musk’s ego mark) and then felt like going back to bed.

But I suppose a 100% day trade is never really boring. After all, at this point, 100% day trades have happened five times, on one side or the other, in the nine trading days this month.

It just feels like too much.

Tedious.

I am being facetious of course.

How great is this strategy?

The green flag on the chart’s right axis shows the profit target gain for each $1K traded.