Daily Options Scenario
Daily Options Scenario #63
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 leaning up, options in full panic pricing, 3 sessions on the clock, and jobs 0 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 | 3,630 / 3,610 | +$582.50 credit | $582.50 | $1,417.50 | above 3,624.2 |
| Bear call credit spread | 3,705 / 3,725 | +$585.00 credit | $585.00 | $1,415.00 | below 3,710.8 |
| Bull call debit spread | 3,710 / 3,670 | −$1,667.50 debit | $2,332.50 | $1,667.50 | above 3,686.7 |
| Bear put debit spread | 3,625 / 3,665 | −$1,617.50 debit | $2,382.50 | $1,617.50 | below 3,648.8 |
| 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 fell 1.49% from 3667 to settle at 3612.39. VIX went from 30.5 to 32.5. A whipsaw hold: the low of 3588 traded through the 3630 short put and the high of 3707 traded through the 3705 short call. Jobs report (Employment Situation) had already printed at 08:30 ET that morning, before the 10:00 ET entry.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | LOSS | −$1,179.80 |
| Bear call credit spread | WIN | +$583.70 |
| Bull call debit spread | LOSS | −$1,668.80 |
| Bear put debit spread | WIN | +$2,381.20 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (+0.85): risk-on: SPX +2.3% over 5 sessions with VIX -4.1% — the tape is rising and vol is confirming it (+1.50); SPX trend UP (5d +2.3%, 20d -9.8%) (+0.75); VIX 30.5 is at panic levels: gap risk overwhelms both premium and direction (-0.75); SPX is flashing a momentum-reversal flag — whipsaw cuts both sides (-1.00); Jobs report (Employment Situation) already printed at 08:30 ET — this entry is on the other side of it (+0.35)
- call_credit AVOID (-4.90): risk-on: SPX +2.3% over 5 sessions with VIX -4.1% — the tape is rising and vol is confirming it (-1.75); SPX trend UP (5d +2.3%, 20d -9.8%) (-1.50); VIX 30.5 is at panic levels: gap risk overwhelms both premium and direction (-0.75); SPX is flashing a momentum-reversal flag — whipsaw cuts both sides (-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); Jobs report (Employment Situation) already printed at 08:30 ET — this entry is on the other side of it (+0.35)
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.