The Simple Options Day Trade — $META for 100% — 3/7/2024
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 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.
3/7/2024 — During the day…
Today’s META 500CALL, expiring Friday, has gained more than its profit target 100% as I write this.
There was chop for losses in the first half hour of the market day, but META launched, wiped out the draw down and has moved to its profit target.
(The white flag on the chart’s right axis show the dollars/percentage gain for each $1K put in the trade. Click on the chart for a larger view.)