Daily Options Scenario #9
SPXPlay · Daily · 2026-07-20
One real SPX session from the trainer’s five-year history, dates masked. Below: the last 50 daily candles into the entry, the volatility and trend read at the close, and the four defined-risk verticals that were actually priced there (1 contract, ×100 multiplier, historical option quotes) — all expiring in 2 DTE. Pick your play, then reveal what the tape did.
SPX · last 50 sessions · dates masked · entry 4,020.59
Your five choices
| Choice | Strikes | Entry | Max profit | Max loss | Breakeven |
|---|---|---|---|---|---|
| Bull put credit spread | 3,980 / 3,955 | +$752.50 credit | $752.50 | $1,747.50 | above 3,972.5 |
| Bear call credit spread | 4,065 / 4,090 | +$757.50 credit | $757.50 | $1,742.50 | below 4,072.6 |
| Bull call debit spread | 4,070 / 4,025 | −$1,930.00 debit | $2,570.00 | $1,930.00 | above 4,044.3 |
| Bear put debit spread | 3,975 / 4,020 | −$1,817.50 debit | $2,682.50 | $1,817.50 | below 4,001.8 |
| No trade — stand aside | — | — | — | — | — |
Tap a row to lock in your play — it gets scored against the whole board.
Reveal what happened
Reveal: the sessions after entry
Over the next 2 sessions SPX fell 2.97% from 4021 to settle at 3901.36. VIX went from 26.1 to 29.4. The hold low of 3810 traded through the 3980 short put strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | LOSS | −$1,748.80 |
| Bear call credit spread | WIN | +$756.20 |
| Bull call debit spread | LOSS | −$1,931.30 |
| Bear put debit spread | WIN | +$2,681.20 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit AVOID (-3.00): gamma regime unknown (GEX unavailable); trend UP (5d +2.2%); stressed vol: gap risk exceeds credit; reversal-risk flag: whipsaw regimes drive the credit book's left tail
- call_credit AVOID (-3.00): fighting an uptrend: GEX live book saw 9% win rate doing this; disabled by default in the GEX live policy (call credits lost -$2,245 on 30d)
Keep playing
Playbook Trainer is an educational game built on historical market data. Nothing on this page is investment advice or a recommendation to trade. Options involve substantial risk; defined-risk spreads can lose their full maximum loss. Scenario dates are masked, and prices reflect historical option quotes with simplified fills.