Daily Options Scenario
Daily Options Scenario #44
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 1 DTE. Pick your play, then reveal what the tape did.
This board: a tape leaking lower, options charging more for trouble by the day, 1 session on the clock, and cpi 0 sessions out. 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 | 4,410 / 4,385 | +$202.50 credit | $202.50 | $2,297.50 | above 4,408.0 |
| Bear call credit spread | 4,505 / 4,520 | +$161.25 credit | $161.25 | $1,338.75 | below 4,506.6 |
| Bull call debit spread | 4,505 / 4,460 | −$1,828.75 debit | $2,671.25 | $1,828.75 | above 4,478.3 |
| Bear put debit spread | 4,410 / 4,455 | −$920.00 debit | $3,580.00 | $920.00 | below 4,445.8 |
| 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 0.50% from 4458 to settle at 4480.70. VIX went from 19.4 to 18.2. Neither credit short strike (4410P / 4505C) was touched. CPI release had already printed at 08:30 ET that morning, before the 10:00 ET entry.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$201.20 |
| Bear call credit spread | WIN | +$159.95 |
| Bull call debit spread | WIN | +$239.95 |
| Bear put debit spread | LOSS | −$921.30 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (-0.40): risk-off: SPX -1.4% over 5 sessions with VIX +18.0% — the index is losing ground and vol is confirming it (-0.25); SPX trend DOWN (5d -1.4%, 20d -0.5%) (-1.00); VIX 19.4 is elevated: sellers are paid more, buyers pay up (+0.50); CPI release already printed at 08:30 ET — this entry is on the other side of it (+0.35)
- call_credit REDUCED (+0.35): risk-off: SPX -1.4% over 5 sessions with VIX +18.0% — the index is losing ground and vol is confirming it (-0.50); SPX trend DOWN (5d -1.4%, 20d -0.5%) (+0.75); VIX 19.4 is elevated: sellers are paid more, buyers pay up (+0.50); short calls sell the side with no ceiling, against an underlying that drifts up over time — this structure was the weakest in the book across every regime (-0.75); CPI release already printed at 08:30 ET — this entry is on the other side of it (+0.35)
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.