Daily Options Scenario #11
SPXPlay · Daily · 2026-07-22
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 6,849.93
Your five choices
| Choice | Strikes | Entry | Max profit | Max loss | Breakeven |
|---|---|---|---|---|---|
| Bull put credit spread | 6,780 / 6,745 | +$507.50 credit | $507.50 | $2,992.50 | above 6,774.9 |
| Bear call credit spread | 6,920 / 6,955 | +$530.00 credit | $530.00 | $2,970.00 | below 6,925.3 |
| Bull call debit spread | 6,920 / 6,850 | −$2,820.00 debit | $4,180.00 | $2,820.00 | above 6,878.2 |
| Bear put debit spread | 6,775 / 6,845 | −$1,990.00 debit | $5,010.00 | $1,990.00 | below 6,825.1 |
| 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 rose 0.96% from 6850 to settle at 6915.61. VIX went from 20.1 to 16.1. The hold high of 6935 traded through the 6920 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$506.20 |
| Bear call credit spread | WIN | +$528.70 |
| Bull call debit spread | WIN | +$3,739.70 |
| Bear put debit spread | LOSS | −$1,991.30 |
| No trade — stand aside | stood aside | $0.00 |
- call_credit REDUCED (+0.00): downtrend supports short calls; disabled by default in the GEX live policy (call credits lost -$2,245 on 30d)
- put_credit AVOID (-2.00): gamma regime unknown (GEX unavailable); downtrend: short puts fight the tape; VIX elevated AND rising: premium rich for a reason
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.