Thread by @SuperLuckeee

How I made 1000% swinging options 🧵

8min beginners guide for small accounts:

In this 🧵 you will learn:

• to focus on strong companies for swing trading
• entries and exits for swings
• LEAPS for longer expiry
• patience and mindset are keys to swing

🔑Takeaways are at the end!

What is a LEAP?

• Options that expire longer than a year
• You don't need a big account to get them

• You need to be patient and wait for the market to go red badly so they will be on sale and cheap to buy

This strategy for swing is best for strong companies:

• We think a big market correction is coming soon here. Maybe this week here for #FOMC $CPI $PPI

• Strong companies are $TSLA $NVDA $AAPL $GOOG $MSFT $AMD

• They have big profits, lots of cash and always innovating

We mentioned to swing $NVDA LEAPS back in February 2024.

• We think the best time now to get $NVDA LEAPS will be after its earnings date May 24th.

• Get the furthest expiry so 2024-2025 for the lowest target possible even $300+ strike

https://twitter.com/SuperLuckeee/status/1633638826718679041

Ideal prices ideas:

• $NVDA under $230 or close to
• $TSLA under $150 or close to
• $APPL under $157 or close to $150

(These ideas are subject to change due to market conditions!)

If you are struggling with entries and can't time it properly. Follow @michaelkluu as in the near future he will post threads on entries and exits:

https://twitter.com/michaelkluu/status/1652193799194677249

Most people think LEAPS are expensive but can get on sale. You need to wait and be patient on red days.

• I bought these $NVDA LEAPS at $8 and now they are $80+ and they still have until Jan 2024 to expire.

• My target on these is at least $120 for just this one contract!

We think a big market rotation happens in May to be exact so when the market does go red deeply.

Start thinking about LEAPS.

Pro tip: Be willing to risk up 20-25% of the LEAPS.

You need to give these options room to move up and down without getting stopped out early.

Follow me @SuperLuckeee for beneficial threads on daytrading and swing trading.

I write 1-2 per week.

https://twitter.com/SuperLuckeee/status/1542289684876865536

🔑Takeaways

• some LEAPS can cost as low as $2-$4 per contract
• Not all LEAPS go to 1000% but they do compound once you get in the money very quickly.
• LEAPS also lose value over time so make sure to manage risk.
• 0DTE are extremely risky so LEAPS are better option

Make sure to ♻️this post to share with others and to be part of our next 8min trading guides.

https://twitter.com/SuperLuckeee/status/1652811106883366912?s=20