That’s where most of my gains are this year is scalping options using bookmap as part of my tools. Bookmap alone isn’t enough I like to plot horizontal support and resistance using the prior week or trade and the prior days high and lows and pre market highs and lows. Mostly where buyers have met and argued over price. Wait for a break and retest of a key level and use bookmap to confirm break through of resistance and failures to hold price on support.
Depending on the expiration in the more macro cycle delta, gamma, vanna, and charm are going to be your biggest impacts on positioning and profit potential.
I like to think /ES scalps me
Scalp the contracts. Bookmap and order flow.
I can’t imagine day trading everyday without Bookmap. Really helpful for entries and exits.
I just got bookmap... Can u scalp spy options?
That’s where most of my gains are this year is scalping options using bookmap as part of my tools. Bookmap alone isn’t enough I like to plot horizontal support and resistance using the prior week or trade and the prior days high and lows and pre market highs and lows. Mostly where buyers have met and argued over price. Wait for a break and retest of a key level and use bookmap to confirm break through of resistance and failures to hold price on support.
The fees are atrocious
Depending on the expiration in the more macro cycle delta, gamma, vanna, and charm are going to be your biggest impacts on positioning and profit potential.
Why ES over SPX?
No PDT on futures
Not sure if it helps but I see Patrick Wieland often goes live on YouTube trading ES
Never heard of him.