Daily Options Scenario
Daily Options Scenario #53
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 priced for quiet but starting to twitch, 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 | 5,835 / 5,805 | +$170.00 credit | $170.00 | $2,830.00 | above 5,833.3 |
| Bear call credit spread | 5,960 / 5,990 | +$163.75 credit | $163.75 | $2,836.25 | below 5,961.6 |
| Bull call debit spread | 5,960 / 5,900 | −$1,837.50 debit | $4,162.50 | $1,837.50 | above 5,918.4 |
| Bear put debit spread | 5,835 / 5,895 | −$1,372.50 debit | $4,627.50 | $1,372.50 | below 5,881.3 |
| 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 fell 0.08% from 5898 to settle at 5893.62. VIX went from 14.3 to 15.6. Neither credit short strike (5835P / 5960C) was touched.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$168.70 |
| Bear call credit spread | WIN | +$162.45 |
| Bull call debit spread | LOSS | −$1,838.80 |
| Bear put debit spread | LOSS | −$1,235.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (+0.00): orderly pullback: SPX -1.6% over 5 sessions while VIX -5.9% — selling is being absorbed (+1.00); SPX trend DOWN (5d -1.6%, 20d +0.6%) (-1.00)
- call_credit AVOID (-1.00): orderly pullback: SPX -1.6% over 5 sessions while VIX -5.9% — selling is being absorbed (-1.00); SPX trend DOWN (5d -1.6%, 20d +0.6%) (+0.75); 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.