re: Day Trading Options

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Ask Jag_Warrior. He’s the options expert around here, but I think he likes to sell puts and calls and collect premiums mostly

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Yep, that’s pretty much what I focus on in a nutshell. Whenever IV rank/percentile is above 50, along with healthy IV (cause that’s where the money is), I’ll look for opportunities to sell premium (puts, calls, strangles, iron condors, etc.), usually around a 5-15 delta. Occasionally I’ll look at long calls as lottery tickets. There was unusual activity in ATVI just a few days ago. The 12/18/20 83 strike calls were going for 1.43. Now going for 4.45.

The options markets are where shady people doing shady things can play without too much fear of being caught. Unusual activity often bears that out. So us little people have to be aware of the weird things that can happen with price and volume, whether we’re going long or short. Day trading options, because it’s not unusual to see 100%+ ranges through the trading day, would be a bit nerve wracking, IMO. I sometimes do it with SPX weeklys, but not often.

Good luck with it though. As long as you have a good plan (that you follow like it’s law), and you can keep your emotions in check, you can do well with options.