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.
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 your intended direction at market open, make your purchase as the market turns back in your 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. You are responsible for your own positions.
To be clear, these are not recommendations, only trades we are interested in executing at market open.
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