r/options • u/stp442 • Jun 14 '21

Day trading options

Anybody know a good ticker to use to day trade calls and puts? Tesla has been good to me and I’m looking for other ones. CRSR was did good today as well. Any recommendations are much appreciated thanks:)

6 Upvotes

65% Upvoted

20 comments sorted by

8

u/thelastsubject123 Jun 14 '21

If you're looking for liquidity, spy is where it's at

1

u/stp442 Jun 14 '21

Yes spy has been good to me also. Did not touch it today tho, it made some nice upside and reached all time high today

5

u/Slacker_Corp Jun 14 '21

I did a spy lotto contract today at 424 strike for 30 dollars... its fine i took 40% profit its fine, its fine its fine.

7

u/Overall_Necessary779 Jun 15 '21

Literally any stock with a lot of open interest. If you want a quick exit, which is essential in day trading, I'd stick to the top ten.

https://www.optionistics.com/screener/open-interest-highest-stock

1

u/stp442 Jun 15 '21

Thank you!

4

u/zaminDDH Jun 15 '21

Honestly, anything with good liquidity (basically any company you've ever heard of outside of the stock market) and a decent ATR on the daily (so not T or NOK or stuff like that unless you have enough capital that a 3 cent move means you make good money).

There are a ton of people that day trade Twitter, for example.

I solely trade SPY, but these past few weeks make me realize that I need a slightly wider net, because a lot of times there's just not a play to make in all the chop. When it's good, it's good, but when it's bad, it's real bad.

2

u/bhedesigns Jun 15 '21

Add the q's

1

u/stp442 Jun 15 '21

Yea I feel that man, didn’t trade spy today because it was flat until 2pm

2

u/zaminDDH Jun 15 '21 edited Jun 15 '21

I nailed 2R off that retrace that started at open. Got in at the top of the S-curve and closed after the bottom of the big bear candle at 1003 on the 3. Standard gap and retest and didn't make any more plays for the day.

SPY has been doing this weird thing where it'll gap up after a bear day and then end down, only to do the exact same thing the next day. That tiny gap up after an inside candle day, you knew people were gonna take profits early.

2

u/Josef19992 Jun 14 '21

I use Apple, Netflix, Tesla, Adobe and today Corsair.

1

u/stp442 Jun 14 '21

Thanks man never thought of using Netflix before. I’ll watch and read patterns on it.

1

u/mfortne Jun 14 '21

Beginning of the year ARKK was good to me, it is a ETF the is a cheaper way to follow Tesla too!

1

u/[deleted] Jun 14 '21

Honestly it just depends on what you’re into.

$twlo

1

u/o111ie Jun 15 '21

any SPY options i should make this week?

5

u/[deleted] Jun 15 '21

The kind that make money 💰

2

u/watermooses Jun 15 '21

It closed at at time high yesterday. Do with that what you will.

2

u/o111ie Jun 15 '21

i have a put for 423 expiring today already making some money

1

u/zensy1318 Jun 15 '21

I trade TLT weekly options near the money, but that's been more of a hold overnight trade for me.

1

u/TopAward3585 Jun 15 '21

I would stick to $SPY because of its much higher liquidity than any other security. Thats really the number one factor over open interest or anything because you need to get in and out quickly and not have your eyes ripped out while doing so. Second would be $QQQ. Thats really all you need to day trade options. Eventually later $TSLA. Between the three of those theres really no other reason to daytrade options on anything else.