With the #NYSI rising, the “broken record” SPY options day trade focused on the calls for an all-day ride to another 100% plus gain — 06/08/2023

THE SIMPLE STRATEGY

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.

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.

There are two key levels to trigger an entry into a SPY options day trade — the option strike’s open and the option strike’s low of the day (the LOD).

If the call options are above their open, buy those; if the put options are above their open, but those.

06/08/2023 — END OF THE DAY…

Don’’t have any more comment than the title above. Except to say this is the fourth time in six trading days this simple strategy has hit its target 100% (or more) gain this month.