With a #WatchList and the #SimpleOptionsDayTrade Strategy” there is often a 100% gain somewhere — today $NVDA — 7/11/2024
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.
(These stock options trades are always long either the calls or the puts because the buy side is the cheapest trade, only the cost of the options.)
TODAY’S DAY TRADE (7/11)
On the the Watch List the row of percentages are the change from the buy trigger at the open.
What stock strike sticks out the most?
Pretty obvious?
The NVDA 136PUT has locked its 100% gain, up $1200 for each $1000 put into the trade. It has run up as high at 170% (see the chart below).