Daily Options Scenario
Daily Options Scenario #65
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 1 DTE. Pick your play, then reveal what the tape did.
This board: a tape pressing higher, options still charging for trouble, though the charge is easing, 1 session on the clock, and cpi 1 session 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 | 4,640 / 4,615 | +$267.50 credit | $267.50 | $2,232.50 | above 4,637.3 |
| Bear call credit spread | 4,735 / 4,760 | +$195.00 credit | $195.00 | $2,305.00 | below 4,736.9 |
| Bull call debit spread | 4,740 / 4,690 | −$1,507.50 debit | $3,492.50 | $1,507.50 | above 4,705.1 |
| Bear put debit spread | 4,635 / 4,685 | −$1,242.50 debit | $3,757.50 | $1,242.50 | below 4,672.6 |
| 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 0.53% from 4687 to settle at 4712.02. VIX went from 19.9 to 18.7. Neither credit short strike (4640P / 4735C) was touched. CPI release landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$266.20 |
| Bear call credit spread | WIN | +$193.70 |
| Bull call debit spread | WIN | +$693.20 |
| Bear put debit spread | LOSS | −$1,243.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit FAVORED (+3.00): risk-on: SPX +2.4% over 5 sessions with VIX -36.1% — the tape is rising and vol is confirming it (+1.50); SPX trend STRONG_UP (5d +2.4%, 20d +0.9%) (+1.00); VIX 19.9 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -36.1% over 5 sessions — fear is draining out (+0.50); CPI release prints inside the 1-day hold window (-0.50)
- call_credit AVOID (-4.50): risk-on: SPX +2.4% over 5 sessions with VIX -36.1% — the tape is rising and vol is confirming it (-1.75); SPX trend STRONG_UP (5d +2.4%, 20d +0.9%) (-2.25); VIX 19.9 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -36.1% 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); CPI release prints inside the 1-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.