Daily Options Scenario
Daily Options Scenario #49
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 under real pressure, 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 | 5,800 / 5,770 | +$580.00 credit | $580.00 | $2,420.00 | above 5,794.2 |
| Bear call credit spread | 5,920 / 5,950 | +$830.00 credit | $830.00 | $2,170.00 | below 5,928.3 |
| Bull call debit spread | 5,925 / 5,865 | −$2,695.00 debit | $3,305.00 | $2,695.00 | above 5,891.9 |
| Bear put debit spread | 5,800 / 5,860 | −$1,917.50 debit | $4,082.50 | $1,917.50 | below 5,840.8 |
| 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 3 sessions SPX rose 1.84% from 5861 to settle at 5969.34. VIX went from 15.6 to 15.2. The hold high of 5973 traded through the 5920 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$578.70 |
| Bear call credit spread | LOSS | −$2,171.30 |
| Bull call debit spread | WIN | +$3,303.70 |
| Bear put debit spread | LOSS | −$1,918.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit AVOID (-2.00): risk-off: SPX -2.0% over 5 sessions with VIX +4.1% — the index is losing ground and vol is confirming it (-0.25); SPX trend STRONG_DOWN (5d -2.0%, 20d +0.2%) (-1.75)
- call_credit REDUCED (-0.25): risk-off: SPX -2.0% over 5 sessions with VIX +4.1% — the index is losing ground and vol is confirming it (-0.50); SPX trend STRONG_DOWN (5d -2.0%, 20d +0.2%) (+1.00); 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)
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.