Daily Options Scenario
Daily Options Scenario #55
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 pressing higher, options still charging for trouble, though the charge is easing, 1 session 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 | 6,905 / 6,870 | +$197.50 credit | $197.50 | $3,302.50 | above 6,903.0 |
| Bear call credit spread | 7,050 / 7,085 | +$138.75 credit | $138.75 | $3,361.25 | below 7,051.4 |
| Bull call debit spread | 7,050 / 6,980 | −$1,977.50 debit | $5,022.50 | $1,977.50 | above 6,999.8 |
| Bear put debit spread | 6,905 / 6,975 | −$1,400.00 debit | $5,600.00 | $1,400.00 | below 6,961.0 |
| 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 0.94% from 6976 to settle at 7041.28. VIX went from 18.4 to 17.9. The hold high of 7051 traded through the 7050 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$196.20 |
| Bear call credit spread | WIN | +$137.45 |
| Bull call debit spread | WIN | +$4,149.20 |
| Bear put debit spread | LOSS | −$1,401.30 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit FAVORED (+3.50): risk-on: SPX +2.8% over 5 sessions with VIX -28.8% — the tape is rising and vol is confirming it (+1.50); SPX trend STRONG_UP (5d +2.8%, 20d +3.9%) (+1.00); VIX 18.4 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -28.8% over 5 sessions — fear is draining out (+0.50)
- call_credit AVOID (-4.00): risk-on: SPX +2.8% over 5 sessions with VIX -28.8% — the tape is rising and vol is confirming it (-1.75); SPX trend STRONG_UP (5d +2.8%, 20d +3.9%) (-2.25); VIX 18.4 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -28.8% over 5 sessions — fear is draining out (+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)
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.