SPY daily scalping using weeekly ITM (In the Money) options

[Egorjal]

Shameless self plug I suppose but Aaron is the options moderator in the SFB Traders Premium Trading Room. Pounds out these types of trades on a daily basis plus follows big money options trades. He runs his own site with daily watchlists as well.

[ehanibixaxcap]

Manual exit STC and filled Market fill @ 1.81 +.84 (+$840) using $970 in capital almost 100%

Trade position time: 40 minutes


EDIT: Looks like a may of been pre-mature with that exit. As I was expecting the market to be done. ALGO will not take another trade as it thinks it is still long. Bug I may need to fix.

Algo position cleared manually. As SPY looks to be setting up for another try.

[ejdicundmiec]

Manual exit:
STC and filled (Market exit @ 1.17) +.27 (+270.00)

Holding time : 20minutes

[ejleropuk]

STC and filled Market @ 1.20 only half position +.30 (+150)

Hold time: 9minutes

EDIT: closing remaining contracts:
STC and filled Market @ 1.77 +.87 (+435)
Hold time: 24 minutes

[eleitojafu]

Nice scalp Aaron. His setup was discussed in our trading room PRIOR to him entering the trade: