Yup, another day, another 100% in options day trading…(9/6/2023)

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.

The open signal is clear and truly simple.

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

That’s it, but use a stop-loss to control risk.

After an initial loss, today’s SPY 450PUT cleared the loss and locked the 100% gain with a 120% gain. when I posted this on X(Twitter):

It peaked at up 150% but faded into close for only a 42% gain.

(Click on the chart for a larger view.)