Daily Options Scenario
Daily Options Scenario #61
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 | 3,770 / 3,750 | +$335.00 credit | $335.00 | $1,665.00 | above 3,766.7 |
| Bear call credit spread | 3,855 / 3,875 | +$122.50 credit | $122.50 | $1,877.50 | below 3,856.2 |
| Bull call debit spread | 3,855 / 3,815 | −$925.00 debit | $3,075.00 | $925.00 | above 3,824.2 |
| Bear put debit spread | 3,765 / 3,805 | −$1,522.50 debit | $2,477.50 | $1,522.50 | below 3,789.8 |
| 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 0.85% from 3812 to settle at 3844.82. VIX went from 22.0 to 20.9. Neither credit short strike (3770P / 3855C) was touched.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$333.70 |
| Bear call credit spread | WIN | +$121.20 |
| Bull call debit spread | WIN | +$2,055.70 |
| Bear put debit spread | LOSS | −$1,523.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit AVOID (-1.50): risk-off: SPX -1.0% over 5 sessions with VIX -3.8% — the index is losing ground and vol is confirming it (-0.25); SPX trend DOWN (5d -1.0%, 20d -5.3%) (-1.00); VIX 22.0 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +9.5% in one session — the repricing is still in motion (-0.75)
- call_credit REDUCED (-0.25): risk-off: SPX -1.0% over 5 sessions with VIX -3.8% — the index is losing ground and vol is confirming it (-0.50); SPX trend DOWN (5d -1.0%, 20d -5.3%) (+0.75); VIX 22.0 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +9.5% 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.