From the link:
The market Friday broke to the upside at the open and never looked back.
As a result it was what I’ve now come to call in my mind a “perfect trending day” in what I ironically call the “Fool’s Game”. That is to say since I started trading and tracking weekly SPY calls and puts solely as longs and solely as day trades to avoid as much time decay as possible, it is a day when the in-the-money option gains more than 100% on the trend for day.
Friday’s expiring weekly SPY 275 calls vaulted on my day-trading signal into the close for 252% profit on the day trade. That is $25,200 for each $10K traded, in this instance 93 contracts (see the white flag on the lower right of the 10-minute chart below).
For the chart and so much more:
TRENDING DAYS IN THE BUYING OF CALLS AND PUTS
Edited by diogenes227, 10 March 2018 - 08:55 PM.
