Replies to post #76998 on Traders Cooperative

[royg1927]

what made u choose NFLX today

My tactical "rules" for fast options trading on the last day of an expiration period:

1) I will have uninterrupted time

2) Looking for a stock/issue with which I am familiar, especially recently (few days on my 5 and 15-minute indicators)

3) Stock typically trades with movement,

4) Options for the stock are liquid, and the spread is usually small.

5) Stock price is "up there", 70, 80, 140, like that

5) MOST IMPORTANT (if above requirements are met): Stock is trading very close to a strike. This presents the prospect for traders who can correctly call the stock movement direction on very short time spans to go long either calls or puts. Think about this one and watch and watch and watch over time and you will see the advantages.

6) Trade only the in-the-money strike or the slightly out-of-the-money strike.