Yeah, it takes a trending day for the #SimpleOptionsDayTrade to grab a 100% gain but… — 05/15/2024
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 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.
5/15/2024 — End of the day…
Yeah, yeah, it takes a trending day for the #SimpleOptionsDayTrade grab a 100% gain. Fortunately, there are frequent trending days.
Like today.
Today’s 525CALL has eclipsed a 30% loss early in the day to lock the 100% win just as I write this.
This is the sixth time in the 10 trading days this month there have been 100% day trades on one side of the market or the other — two days in the puts and now four in the calls.
Pretty bullish month so far…
This strategy, as I’ve said before, is mostly little winners, little losers, big winners.
Like today.
Pretty simple and spectacular options day trading.
(The green flag on the chart’s right axis shows the dollars gained on closed trades today for each $1K traded. Click the chart for a larger view.)