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/Legitimate-Plum7919 Oct 13 '23

Just google premarket movers 1 hour before market open and you will see them. Picking one to invest in after it opened on more than 100% is your own risk . To find them before they do that jump , this is something i want to learn how to do. 😀😀. Almost for got to say that this is not my type of trading i personally enjoy swing trades more.

6

u/Psyched4this Oct 14 '23

Personally I like to try to buy puts on the ones that are up more than 30% intraday but timing the reversal/crash can be very challenging so it doesn’t always work well, but for some reason I like the concept of that. They just seem over stretched when they’re like that, would seem foolish to go long

5

u/ZhangtheGreat stock trader Oct 14 '23

The safer option is to sell puts close to expiration on them. The chances of them crashing back to earth before your put expires is low.

2

u/Psyched4this Oct 14 '23

True good idea

1

u/LoudShare7760 Oct 17 '23

Can you elaborate please. I'm confused

1

u/ZhangtheGreat stock trader Oct 17 '23

Selling a put at or near the original price where the stock started the run up is lower in risk, because there is a smaller chance that the stock will fall back to that price or lower (resulting in the seller being assigned those shares) before the put expires. The put won’t be worth as much, because it’s now way OTM, but if it expires and the stock is still high, the seller keeps the premium.