Daily Options Scenario
Daily Options Scenario #57
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 pressing higher, options priced for real swings, 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 | 4,365 / 4,340 | +$470.00 credit | $470.00 | $2,030.00 | above 4,360.3 |
| Bear call credit spread | 4,455 / 4,480 | +$510.00 credit | $510.00 | $1,990.00 | below 4,460.1 |
| Bull call debit spread | 4,455 / 4,410 | −$1,877.50 debit | $2,622.50 | $1,877.50 | above 4,428.8 |
| Bear put debit spread | 4,360 / 4,405 | −$1,407.50 debit | $3,092.50 | $1,407.50 | below 4,390.9 |
| 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 1.17% from 4410 to settle at 4461.18. VIX went from 25.7 to 23.5. The hold high of 4482 traded through the 4455 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$468.70 |
| Bear call credit spread | LOSS | −$109.30 |
| Bull call debit spread | WIN | +$2,621.20 |
| Bear put debit spread | LOSS | −$1,408.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit FAVORED (+3.25): risk-on: SPX +4.9% over 5 sessions with VIX -15.1% — the tape is rising and vol is confirming it (+1.50); SPX trend STRONG_UP (5d +4.9%, 20d +0.7%) (+1.00); VIX 25.7 is rich: long premium is expensive and credit is rich for a reason (+0.25); VIX has collapsed -15.1% over 5 sessions — fear is draining out (+0.50)
- call_credit AVOID (-4.25): risk-on: SPX +4.9% over 5 sessions with VIX -15.1% — the tape is rising and vol is confirming it (-1.75); SPX trend STRONG_UP (5d +4.9%, 20d +0.7%) (-2.25); VIX 25.7 is rich: long premium is expensive and credit is rich for a reason (+0.25); VIX has collapsed -15.1% 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.