Haven’t posted the day trades in SPY calls and puts for quite a while but the strategy still holds – tight spreads, high liquidity, less time decay.

The trades are always the nearest expiration (Monday, Wednesday, Friday), the closest in-the-money (ITM) or at-the-money (ATM) strikes, and never hold overnight (it’s always a day trade). They are posted on Twitter to get the time stamps.

Today was a good day, and a good day to drop this post here.

LAST TWEET

(A note on the “added note” in this tweet for the reentry later in the day – it was up 16% at one time but pulled back and broke even at the close)

Added note: Long again on half at 3.43 with a stop at breakeven.$SPY #Options –

LONG 324CALL at 2.24, 01/29 expiration. STOP: Flat. RESULTS: Took half off at up 50%. Closed second half at up 59%.#Options #OptionsTrading #DayTrading #1Kdaytrade — The God of Trading (@TheGodOfTrading) January 28, 2020

EXIT ON MAIN TRADE

TAKING PROFITS ON FIRST HALF

PUTTING ON A TRAILING STOP

INITIAL ENTRY -BEGINNING OF THE TRADE

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