Daily Options Scenario
Daily Options Scenario #59
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 2 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, 2 sessions on the clock, and cpi 2 sessions out. 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 | 4,140 / 4,115 | +$580.00 credit | $580.00 | $1,920.00 | above 4,134.2 |
| Bear call credit spread | 4,225 / 4,250 | +$640.00 credit | $640.00 | $1,860.00 | below 4,231.4 |
| Bull call debit spread | 4,230 / 4,185 | −$1,865.00 debit | $2,635.00 | $1,865.00 | above 4,203.6 |
| Bear put debit spread | 4,135 / 4,180 | −$1,567.50 debit | $2,932.50 | $1,567.50 | below 4,164.3 |
| 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 2 sessions SPX rose 0.65% from 4183 to settle at 4210.24. VIX went from 21.1 to 19.7. The hold low of 4112 traded through the 4140 short put strike. CPI release landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$578.70 |
| Bear call credit spread | WIN | +$638.70 |
| Bull call debit spread | WIN | +$657.70 |
| Bear put debit spread | LOSS | −$1,568.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit OK (+1.50): rangebound: SPX +1.6% over 5 sessions, VIX -0.8% — no directional agreement between tape and vol (+0.75); SPX trend UP (5d +1.6%, 20d +8.5%) (+0.75); VIX 21.1 is elevated: sellers are paid more, buyers pay up (+0.50); CPI release prints inside the 2-day hold window (-0.50)
- call_credit AVOID (-2.75): rangebound: SPX +1.6% over 5 sessions, VIX -0.8% — no directional agreement between tape and vol (-0.50); SPX trend UP (5d +1.6%, 20d +8.5%) (-1.50); VIX 21.1 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); CPI release prints inside the 2-day hold window (-0.50)
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.