These screenshots are from the past 5 trading days
I've heard before that if SPY gaps up or down It will eventually fill that gap. Does that always happen?
I was thinking of buying a 1DTE option for every time SPY gaps up or down.
If it gaps up, buy a 1DTE put
If it gaps down, but a 1 DTE call
If it stays relatively even, don't do anything
Is this basically a lotto? Or maybe a legitimate method? And are there other things I can take into consideration before doing this?
This is a genuine question by the way