Daily Options Scenario #40
SPXPlay · Daily · 2026-08-20
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 3 DTE. Pick your play, then reveal what the tape did.
This board: a tape pressing higher, options priced for quiet, 3 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 | 4,490 / 4,450 | +$220.00 credit | $220.00 | $3,780.00 | above 4,487.8 |
| Bear call credit spread | 4,525 / 4,550 | +$792.50 credit | $792.50 | $1,707.50 | below 4,532.9 |
| Bull call debit spread | 4,550 / 4,520 | −$1,182.50 debit | $1,817.50 | $1,182.50 | above 4,531.8 |
| Bear put debit spread | 4,440 / 4,490 | −$260.00 debit | $4,740.00 | $260.00 | below 4,487.4 |
| 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 1 session SPX rose 0.04% from 4521 to settle at 4522.79. VIX went from 13.6 to 13.5. The hold high of 4533 traded through the 4525 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$218.70 |
| Bear call credit spread | WIN | +$791.20 |
| Bull call debit spread | LOSS | −$904.80 |
| Bear put debit spread | LOSS | −$261.30 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit OK (+1.00): gamma regime unknown (GEX unavailable); trend STRONG_UP (5d +2.8%); calm VIX: thin premium but stable
- call_debit REDUCED (+0.00): strong momentum; gamma regime unknown: pin-decay risk unpriced (GEX unavailable)
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.