Daily Options Scenario #39
SPXPlay · Daily · 2026-08-19
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.
This board: a tape pressing higher, options in full panic pricing, 2 sessions on the clock. Form your own read before the table’s prices argue theirs.
Your five choices
| Choice | Strikes | Entry | Max profit | Max loss | Breakeven |
|---|---|---|---|---|---|
| Bull put credit spread | 3,705 / 3,685 | +$592.50 credit | $592.50 | $1,407.50 | above 3,699.1 |
| Bear call credit spread | 3,785 / 3,805 | +$635.00 credit | $635.00 | $1,365.00 | below 3,791.3 |
| Bull call debit spread | 3,785 / 3,745 | −$1,765.00 debit | $2,235.00 | $1,765.00 | above 3,762.7 |
| Bear put debit spread | 3,700 / 3,740 | −$1,562.50 debit | $2,437.50 | $1,562.50 | below 3,724.4 |
| No trade — stand aside | — | — | — | — | — |
Tap a row to lock in your play — it gets scored against the whole board.
Reveal what happened
Over the next 2 sessions SPX fell 2.11% from 3745 to settle at 3665.78. VIX went from 31.4 to 30.0. The hold low of 3656 traded through the 3705 short put strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | LOSS | −$1,408.80 |
| Bear call credit spread | WIN | +$633.70 |
| Bull call debit spread | LOSS | −$1,766.30 |
| Bear put debit spread | WIN | +$2,436.20 |
| No trade — stand aside | stood aside | $0.00 |
- 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)
- put_credit AVOID (-6.00): gamma regime unknown (GEX unavailable); trend STRONG_UP (5d +4.3%); panic vol: stand down; reversal-risk flag: whipsaw regimes drive the credit book's left tail
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.