A trader buys two QQQ December 13 532-call contracts at $0.79 each on a Friday morning, selling the first at $0.91 and the second at $1.74 profit. Total net profit after commissions: $104 in roughly ten minutes.
Chapters
Hey everyone, I just wanted to share my options trade on one of my callouts on the QQQ from Friday. So I did cover the trade in Friday's video, but I wanted to show you the actual setup because I, I use pivots and a couple moving averages for my day trading. And so pre-market here, the shaded area, we can see that we were moving up And my 4 and 8 moving averages, the blue and the red one, they were pretty much on a steady line that came up and we made a nice pullback to an R2. So this is the Person's Pivot R2. And so with this pullback here, and there was this volume here just before the market opened sitting at 5:30:10, and we need to wait for a candle to close anyway getting in. And so I was bullish above 531. So right here at the close of this candle, I wound up buying for the same-day options the QQQ December 13th 532 calls, right? So that— and they were 79 cents, so they would actually be in the money right here. But my first target was the pre-market high here. 531.50, and it's also a 50-cent level. So I took one contract profit there for 12 cents. So I bought in at 79 cents, so $79 a contract, and then I took one contract off and made $12, which is not bad, the ROI. So that was at 10:35:06 that I got in, so 6 seconds after this candle closed. Actually bought my 2 contracts. And then at 10:36:59, so almost 2 minutes later, the high of this hitting the 50-cent level, that's where I took my profit. So 91 cents. So that's where I made the 12 cents. I kept the other contract and then I made $1.74 profit. So let's go at 9:45 and 11 seconds. I got out here for $1.74 profit. So as you can see on my trades there, that's not bad. So with my commissions and everything, just from here, the beginning of this candle, to here, that was 10 minutes. And for those 2 contracts with a scale-out was $104 net on that after my commission. So I just wanted to share that with you for those of you that trade options to see how you can make some money quickly even with a smaller account. So hopefully you find that helpful, and, uh, if you like what we're doing, leave some comments in the comment section below and visit us at mobiticktrading.com. Take care.
