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re: $500 a day keeps the day job away

Posted on 8/27/20 at 8:56 pm to
Posted by thatguy777
br
Member since Feb 2007
2393 posts
Posted on 8/27/20 at 8:56 pm to
Net seller of options day trading them? I tend to look for good chart set ups with bullish option flow.
Posted by LSURN98
Jupiter
Member since Oct 2019
448 posts
Posted on 8/27/20 at 9:16 pm to
Nope. I know it sounds crazy and over the long term is frowned upon, but I almost exclusively buy rather than sell.

Stock must have huge volume. I watch the SMA/EMA and IV. Lately I have been buying TSLA, AMZN, FB and GOOG.

Have been especially killing it buying calls on FB early in the trading session for last 2 weeks. It pops early and drops. MA’s tell the story if you look back at the charts. Been buying TSLA puts but it is far less consistent and you have to sit and watch the chart and pull the trigger when the PMA drops below the EMA combined with downward selling pressure.
This post was edited on 8/27/20 at 10:02 pm
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