Entry time: 9:40 AM, price $1.06 (purchased 200 shares).
Exit time: 9:53 AM, price $2.37.
Position duration: 13 minutes.
Net profit: +$26,200, return on investment 123%.
I’ve been monitoring the 1-minute opening range. SPY held the key short-term support level at $651.50, and selling volume continued to shrink. I anticipated a move driven by gamma correction, with the target at the day’s pivot point.
I entered the trade at 9:40, when IV briefly dipped, giving me a better entry point based on the Greeks. Thirteen minutes later, there was a sharp surge in trading volume, and the RSI indicator hit the deeply overbought zone at 85. In trading, you absolutely cannot wait for a reversal; you must sell when the momentum is at its strongest.
I executed my limit sell order precisely at 9:53, catching the peak of the momentum surge.
Lesson: Discipline > Greed. Taking a 123%+ profit in 13 minutes is a major win in any market. Did anyone else catch this volatility spike this morning?
13m ultra-short-term trading during periods of widening trading ranges
byu/Budget-Ad-2759 inoptions
Posted by Budget-Ad-2759
1 Comment
200 contracts that’s a pretty big order. Are you monitoring the Vanna/Charm decay around the strike price? I saw a similar setup at the $655 strike price, but I hesitated to place the order.