Daily Options Scenario
Daily Options Scenario #46
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 leaking lower, options charging more for trouble by the day, 3 sessions on the clock, and jobs 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 | 4,070 / 4,045 | +$300.00 credit | $300.00 | $2,200.00 | above 4,067.0 |
| Bear call credit spread | 4,160 / 4,185 | +$210.00 credit | $210.00 | $2,290.00 | below 4,162.1 |
| Bull call debit spread | 4,160 / 4,115 | −$1,432.50 debit | $3,067.50 | $1,432.50 | above 4,129.3 |
| Bear put debit spread | 4,065 / 4,110 | −$1,227.50 debit | $3,272.50 | $1,227.50 | below 4,097.7 |
| 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 0.57% from 4115 to settle at 4138.12. VIX went from 20.1 to 17.0. Neither credit short strike (4070P / 4160C) was touched. Jobs report (Employment Situation) had already printed at 08:30 ET that morning, before the 10:00 ET entry.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$298.70 |
| Bear call credit spread | WIN | +$208.70 |
| Bull call debit spread | WIN | +$878.20 |
| Bear put debit spread | LOSS | −$1,228.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit AVOID (-1.15): risk-off: SPX -1.3% over 5 sessions with VIX +18.0% — the index is losing ground and vol is confirming it (-0.25); SPX trend DOWN (5d -1.3%, 20d +0.2%) (-1.00); VIX 20.1 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +9.5% in one session — the repricing is still in motion (-0.75); Jobs report (Employment Situation) already printed at 08:30 ET — this entry is on the other side of it (+0.35)
- call_credit REDUCED (+0.10): risk-off: SPX -1.3% over 5 sessions with VIX +18.0% — the index is losing ground and vol is confirming it (-0.50); SPX trend DOWN (5d -1.3%, 20d +0.2%) (+0.75); VIX 20.1 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +9.5% in one session — the repricing is still in motion (-0.25); 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); Jobs report (Employment Situation) 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.