Day Trade SPY: Pick of the Day

Pick of the Day


The ‘Pick of the Day’ is a particular option announced around 9 am ET that we may be interested in trading.

This trade is anchored in time, only requiring several minutes to execute. The particular option we are interested in would be purchased at market open when the bid/ask spread settle in, immediately followed by a ‘good to cancel’ sell order with a 5% net profit target. Should the market turn against our intended direction at market open, we would likely make our purchase as the market turns back in our favor.

We actively manage our own trades on the rare occasion should they drop to a 65% loss but as a reminder, we do not send out advisories as to our positions. You are responsible for your own trades.

To be clear, these are not recommendations, only trades we are interested in executing at market open.

See the last 20 days’ performance here.

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Disclaimer: Options trading is risky business. Losses can be substantial. Carefully consider whether such trading is suitable for you in light of your personal investment objectives and financial resources. This web site is for educational purposes only. You alone are responsible for all your own trading. We do not give recommendations. By subscribing to any of our services, you acknowledge a clear understanding of the risks involved in trading securities.


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