This is a results update for this post yesterday:
#MarketTiming – looking for a swing leg up…
$SPY #Options – Guessed right on "swing leg up." Today's 257 at the money CALL up 156% per each #1Kdaytrade.https://t.co/Sghl3kEEcN#Options #OptionsTrading #daytrading pic.twitter.com/C3fk3JazGR
— The God of Trading (@TheGodOfTrading) April 6, 2020
I noticed that! Great job. With the recent acceleration in the $VIX it takes a huge move in either direction to make money in options. It’s tough. Are you still in the calls or did you take your profits? I’m still 90% Long in ETF’s and plan to use further strength tomorrow to peel off some and raise cash.
I day trade almost all the time. There is too much risk in the overnight and the next day’s gaps. Imagine being short from Friday. There is plenty of money to be made in the day.