Daily Options Scenario
Daily Options Scenario #58
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 at the entry session’s own close (0 DTE). Pick your play, then reveal what the tape did.
This board: a tape leaking lower, options charging more for trouble by the day, 0 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 | 4,015 / 3,990 | +$207.50 credit | $207.50 | $2,292.50 | above 4,012.9 |
| Bear call credit spread | 4,100 / 4,125 | +$176.25 credit | $176.25 | $2,323.75 | below 4,101.8 |
| Bull call debit spread | 4,105 / 4,060 | −$1,070.00 debit | $3,430.00 | $1,070.00 | above 4,070.7 |
| Bear put debit spread | 4,010 / 4,055 | −$1,347.50 debit | $3,152.50 | $1,347.50 | below 4,041.5 |
| No trade — stand aside | — | — | — | — | — |
Tap a row to lock in your play — it gets scored against the whole board.
Reveal what happened
Into the same-day close (0DTE) SPX rose 0.54% from 4057 to settle at 4079.09. VIX went from 20.2 to 20.0. Neither credit short strike (4015P / 4100C) was touched.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$206.20 |
| Bear call credit spread | WIN | +$174.95 |
| Bull call debit spread | WIN | +$837.70 |
| Bear put debit spread | LOSS | −$1,348.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit AVOID (-1.50): risk-off: SPX -0.8% over 5 sessions with VIX -2.6% — the index is losing ground and vol is confirming it (-0.25); SPX trend DOWN (5d -0.8%, 20d +2.1%) (-1.00); VIX 20.2 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +10.6% in one session — the repricing is still in motion (-0.75)
- call_credit REDUCED (-0.25): risk-off: SPX -0.8% over 5 sessions with VIX -2.6% — the index is losing ground and vol is confirming it (-0.50); SPX trend DOWN (5d -0.8%, 20d +2.1%) (+0.75); VIX 20.2 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +10.6% in one session — the repricing is still in motion (-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.