How to short the S&P using options? Day & swing puts

Seems like the validity of a traders setups and entry triggers would play a vital role in P/L.
If a trader can profitably daytrade a 1 to 10 minute chart, would it work to buy call for long and buy put for short?
Would this possibly work better for individual stocks than for index jobs?
 
easymon1 said:
Seems like the validity of a traders setups and entry triggers would play a vital role in P/L.
If a trader can profitably daytrade a 1 to 10 minute chart, would it work to buy call for long and buy put for short?
Would this possibly work better for individual stocks than for index jobs?
More...

Given the ease of doing so with those timeframes, try it!

Obviously paper trade it first, but put the results on here.
 
Dustin said:
You guys need to be thinking in terms of what returns you need to make this idea profitable. I trade a lot of stuff like this and have a 10-15x target for nearly every trade, and usually hold some for the 15-20x range. If you guys are taking 4-5x it won't work long term.
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Thank you for your perspective. Very good. I agree that 2x 5x etc too small. Must look for edge. Where returns outsized to risk. Thank you!
 
destriero said:
Nobody can answer that question, but futures with stops will beat intraday singles in all scenarios other than a runaway market.
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Do you mean instead of using options, futures with stops can replicate the pnl of options for intraday purposes?
 
Hey there,what would you say your hit rate is on these short term trades??

Im looking at 30 delta,5 day options with a hit rate round 20% over the last 10 years.I do have a tight stop,but I like what I am seeing..thanks for the "wisdom"





Dustin said:
Defined risk and leverage are a powerful combo. Ken doesn't trade much, but it's possible that switching instruments could be the change he needs to make some real money.
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Dustin said:
Defined risk and leverage are a powerful combo. Ken doesn't trade much, but it's possible that switching instruments could be the change he needs to make some real money.
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taowave said:
Hey there,what would you say your hit rate is on these short term trades??

Im looking at 30 delta,5 day options with a hit rate round 20% over the last 10 years.I do have a tight stop,but I like what I am seeing..thanks for the "wisdom"
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A tight stop?
like a sell stop order at a % of premium? (eg: sell stop at -50%)
 
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