Options Trading 10 Minute Strategy | How to Make $1,000 a Day | For Beginners Only

When I started trading options, I’ll be honest—I was nervous. The charts seemed intimidating, the strategies confusing, and the risks overwhelming. But something told me to keep pushing forward, and I’m so glad I did. Today, options trading is not just a skill I’ve mastered—it’s a way I’ve created financial freedom for myself.

If you’re new to options or have been struggling to make consistent profits, I want to share the same strategy that helped me go from starting with $250 to making $1,000 a day. This isn’t magic, luck, or guesswork. It’s about understanding simple patterns, practicing patience, and using setups that work.

In this guide, I’ll walk you through the exact steps I use to trade options successfully. Whether you’re a complete beginner or someone looking to refine your approach, this strategy is designed to be easy to understand and even easier to execute. 

What Makes Options Trading Different?

Unlike stocks, options allow you to make money in both directions—when prices go up or down. This flexibility makes options trading incredibly powerful, especially in volatile markets.

But here’s the best part: with options, you can start small. I started with just $250, an amount I was comfortable losing. From there, I scaled up as I learned the patterns and strategies that worked best for me.

Key Benefits of Options Trading:

• Low Initial Investment: Start with as little as $250.
• High Potential Profits: Small moves in stock prices can lead to big returns.
• Profit in Both Directions: Use call options when prices rise and put options when prices fall.
• Scalability: Start small and grow your earnings by increasing the number of contracts you trade.

The Basics of Options Trading

Before jumping into strategies, let’s cover some essential terms:

1. Call Option:
• Gives you the right to buy a stock at a specific price.
• Use this when you expect the stock price to go up.
2. Put Option:
• Gives you the right to sell a stock at a specific price.
• Use this when you expect the stock price to go down.
3. Strike Price:
• The price at which you can buy (call) or sell (put) the stock.
4. Expiration Date:
• The date by which you must exercise your option.

The Strategies That Work

To make $1,000 a day trading options, you need to focus on patterns and setups that offer high-probability opportunities. Here are the ones that have worked consistently for me:

1. Gap & Go

A "gap & go" occurs when a stock opens higher than its previous day’s close. This pattern is perfect for a quick, profitable trade using call options.

How It Works:

• The stock closes at $100 one day.
• The next day, it opens at $105—a $5 gap up.
• This signals strong upward momentum.

Steps to Trade:

1. Identify the previous day’s closing price.
2. Wait for the stock to gap up at market open.
3. Buy a call option targeting the next resistance level.

2. Dip & Rip

The "dip & rip" is the opposite of the gap and go. This occurs when a stock opens lower than its previous day’s close but quickly reverses direction.

How It Works:

• The stock closes at $100 one day.
• The next day, it opens at $95—a $5 gap down.
• It then reverses and surges higher.

Steps to Trade:

1. Wait for a sharp drop at market open.
2. Enter a call option as the stock starts reversing upward.
3. Exit near the previous high for a quick profit.

3. Double Tops & Triple Tops

These patterns occur when a stock hits the same resistance level two or three times but fails to break higher. They’re strong signals for a downward reversal.

How It Works:

• The stock hits $120 twice but can’t break higher.
• It reverses downward, creating an opportunity for a put option.

Steps to Trade:

1. Identify the resistance level where the stock struggles.
2. Enter a put option when the stock begins to reverse.
3. Set your take-profit at the nearest support level.

4. Double Bottoms

The double bottom is the opposite of the double top. It happens when a stock hits the same support level twice and then reverses upward.

How It Works:

• The stock drops to $90 twice but doesn’t go lower.
• It bounces upward, creating an opportunity for a call option.

Steps to Trade:

1. Identify the support level where the stock stabilizes.
2. Enter a call option when the stock begins to bounce upward.
3. Target the nearest resistance level for your take-profit.

Real-Life Example - Making $1,000 in a Day

Let me walk you through an actual trade where I used the "double top" strategy:

1. Setup:
• The stock hit $120 twice but failed to break higher.
2. Entry:
• I bought a put option as the stock began reversing from $120.
3. Exit:
• I set my take-profit at $115, the next support level.
4. Outcome:
• I made $1,000 in a single day using this simple pattern.

The Importance of Risk Management

No strategy works 100% of the time, which is why managing your risk is critical.

Risk-to-Reward Ratio

• Only take trades where your potential profit is at least 2.5 times your risk.
• For example, if you’re risking $100, aim to make at least $250.

Position Sizing

• Start with small trades (1-2 contracts).
• As you gain confidence, gradually increase the number of contracts you trade.

Tips for Success in Options Trading

1. Start Small:
• Begin with an amount you’re comfortable losing, like $250.
2. Master a Few Setups:
• Focus on patterns like gap and go, dip and rip, and double tops.
• Don’t overwhelm yourself with too many strategies.
3. Be Patient:
• Wait for clear setups before entering a trade.
• Avoid chasing trades out of fear of missing out (FOMO).
4. Learn from Mistakes:
• Every loss is a lesson. Review your trades to identify what went wrong.

Why Options Trading Can Change Your Life?

Options trading isn’t just about making money—it’s about freedom. By mastering this skill, you can:

• Supplement your income.
• Build wealth faster.
• Potentially replace your full-time job.

For me, options trading has opened doors I never thought possible. It’s allowed me to create a flexible lifestyle, work on my terms, and achieve financial goals that once seemed out of reach.

My Final Thoughts

Options trading isn’t complicated once you understand the basics. By focusing on proven setups like gap and go, dip and rip, and double tops, you can create a simple, repeatable system for success.

The journey won’t be without challenges, but with patience, practice, and discipline, you can achieve consistent profits—and maybe even hit that $1,000-a-day goal.

If I could start with $250 and turn it into consistent daily income, I know you can too. Let’s make it happen!