When you have a method for the madness you PUT it in play — the #SimpleOptionsDayTrade strategy — 08/07/2024

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 Day Trade 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, that’s all there is to this, but use a stop-loss to control risk.

8/07/2024 — End of the day…

TODAY’S DAY TRADES FROM THE WATCHLIST—

The usual suspects — SPY, QQQ, NVDA, MSFT…

Today’s SPY 530 PUT up 234% on the close, $2,343 profit for each $1K in play (see the white flag on the chart’s right axis).