The Simple #Options #DayTrade — A Gap down and Slap back run $SPY and $QQQ calls to 100% gains — 4/03/2024

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, but use a stop-loss to control risk.

3/27/2024 — During the day…

Already, the 100% profit target are hit less than an hour into the day.

See the white flags on the charts’ right axis below for the dollars/percentage gains for each $1K traded.

With persistence, experience and discipline, one might make a living day trading this strategy.

4/03/2024 — End of the day…

The trades on both the SPY and QQQ faded into the close but the profits were locked during the day.

In other words, take profit when you have them, and definitely don’t let them get away.

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