Daily Options Scenario
Daily Options Scenario #50
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 leaning up, options still charging for trouble, though the charge is easing, 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 | 3,970 / 3,950 | +$302.50 credit | $302.50 | $1,697.50 | above 3,967.0 |
| Bear call credit spread | 4,050 / 4,090 | +$463.75 credit | $463.75 | $3,536.25 | below 4,054.6 |
| Bull call debit spread | 4,050 / 4,000 | −$2,245.00 debit | $2,755.00 | $2,245.00 | above 4,022.4 |
| Bear put debit spread | 3,950 / 4,000 | −$1,305.00 debit | $3,695.00 | $1,305.00 | below 3,986.9 |
| 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 1.05% from 4007 to settle at 4048.42. VIX went from 19.6 to 18.6. The hold high of 4078 traded through the 4050 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$301.20 |
| Bear call credit spread | WIN | +$462.45 |
| Bull call debit spread | WIN | +$2,595.70 |
| Bear put debit spread | LOSS | −$1,306.30 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit FAVORED (+2.75): risk-on: SPX +0.9% over 5 sessions with VIX -7.3% — the tape is rising and vol is confirming it (+1.50); SPX trend UP (5d +0.9%, 20d -4.1%) (+0.75); VIX 19.6 is elevated: sellers are paid more, buyers pay up (+0.50)
- call_credit AVOID (-3.50): risk-on: SPX +0.9% over 5 sessions with VIX -7.3% — the tape is rising and vol is confirming it (-1.75); SPX trend UP (5d +0.9%, 20d -4.1%) (-1.50); VIX 19.6 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)
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.