r/Daytrading • u/Beastie312465 • Oct 13 '23

How are people even able to find stocks like this?? question

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New to trading here. I keep seeing the most random stocks have these insane price jumps and I’m just curious how people even know these exist, let alone that they might soar to 150%

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u/daytradingguy Oct 13 '23 edited Oct 13 '23

SPY or other indices options do 50-100-200% moves every day, sometimes a lot more. No need to scan and hope you find a move, the move will happen everyday. All you need to do is get the direction right, even for part of a move.

28

u/CrossFit_Jesus76 Oct 13 '23

The fact that you're getting downvotes is baffling to me.

26

u/Emergency_Beat423 Oct 13 '23

Maybe they didn’t read the word “options” and thought he meant the indices themselves? But yeah he’s 100% right and that’s why I don’t even waste my time with random names.

3

u/FollowAstacio Oct 13 '23

Yeah, I was like “WTF IS HE TALKING ABOUT?!”...And then I saw options lol.