New to trading options. Anyone able to make money off of pre market moves?

Hello everyone. Im new to the forum and also new to options trading. I currently use a paper trade software called investediQ. I am soon going to open up a real trading account with TD Ameritrade.

My question is about pre market or post market moves. Lets say Googles stock closes on Monday at $700 per share and on Tuesday it is implied to open at $725 per share. In my paper trade software I can place a limit order and do a call option before the market opens, then when the market opens it will go through and appreciate quickly giving me a high return on my money almost instantly. I have made thousands of dollars doing this with simple calls and puts. Once made 3,000 dollars on a Call in AMZN in one day. So my question is has anyone ever done this in a REAL trading account? Im just trying to make sure Its not some glitch in my software. I know that doing limit orders they might not go through sometimes but enough have gone through to make me some money in my paper trade account.
 
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No, just paper trading. Options don't trade until regular trading hours for equites. They will adjust to the current underling price. No free money.
 
No, just paper trading. Options don't trade until regular trading hours for equites. They will adjust to the current underling price. No free money.

I agree. Options don't trade in pre or post market hours -- only regular trading hours.
There is no free lunch or free exploit in the market...you're only paid accordingly to the risk you are willing to take.

Not to take anything away from him, but he's right...options can be explosive/volatile. :cool::confused:
 
Hello everyone. Im new to the forum and also new to options trading. I currently use a paper trade software called investediQ. I am soon going to open up a real trading account with TD Ameritrade.

My question is about pre market or post market moves. Lets say Googles stock closes on Monday at $700 per share and on Tuesday it is implied to open at $725 per share. In my paper trade software I can place a limit order and do a call option before the market opens, then when the market opens it will go through and appreciate quickly giving me a high return on my money almost instantly. I have made thousands of dollars doing this with simple calls and puts. Once made 3,000 dollars on a Call in AMZN in one day. So my question is has anyone ever done this in a REAL trading account? Im just trying to make sure Its not some glitch in my software. I know that doing limit orders they might not go through sometimes but enough have gone through to make me some money in my paper trade account.

That is SO SIMPLE you would have known it wouldn't work in real life.
 
Hello everyone. Im new to the forum and also new to options trading. I currently use a paper trade software called investediQ. I am soon going to open up a real trading account with TD Ameritrade.

My question is about pre market or post market moves. Lets say Googles stock closes on Monday at $700 per share and on Tuesday it is implied to open at $725 per share. In my paper trade software I can place a limit order and do a call option before the market opens, then when the market opens it will go through and appreciate quickly giving me a high return on my money almost instantly. I have made thousands of dollars doing this with simple calls and puts. Once made 3,000 dollars on a Call in AMZN in one day. So my question is has anyone ever done this in a REAL trading account? Im just trying to make sure Its not some glitch in my software. I know that doing limit orders they might not go through sometimes but enough have gone through to make me some money in my paper trade account.




I'm curious why you only have "made thousands of dollars" in your paper-trading account using this method?

Once you noticed that you could get fills at the previous days closing price you should be going all-in and be up hundreds of thousands of dollars - maybe even millions. When paper-trading don't hold back.



:)
 
The only way your going to profit from the gap is to hold the options overnight.

But that just turned things into a coin-toss now :)
 
I'm curious why you only have "made thousands of dollars" in your paper-trading account using this method?

Once you noticed that you could get fills at the previous days closing price you should be going all-in and be up hundreds of thousands of dollars - maybe even millions. When paper-trading don't hold back.


well I have made more than thousands what I meant was I have made thousands of dollars per trade

:)
 
like i said I'm new to trading and thought it was kinda odd
Don't be discourage, if you hang around long enough like me you will pick up enough tips to become a better trader. There are enough good folks willing to guide you at ET.

But don't expect a cookbook recipe or a get rich formula. Mostly you will get good explanations about the principles and general rules/methods and you can test some of your thinkings here too and if flawed, they will very quickly point them out to you.

Best wishes.
 
You can trade ETF's until 4:15pm, but the volume drops off and the spreads sometimes even on the SPY can be .05 or more. But, it is a great way to play ES/VIX futures after the market closes.
 
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