Daily Options Scenario
Daily Options Scenario #67
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 still charging for trouble, though the charge is easing, 3 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 | 5,755 / 5,725 | +$127.50 credit | $127.50 | $2,872.50 | above 5,753.7 |
| Bear call credit spread | 5,985 / 6,000 | +$72.50 credit | $72.50 | $1,427.50 | below 5,985.7 |
| Bull call debit spread | 5,985 / 5,875 | −$3,125.00 debit | $7,875.00 | $3,125.00 | above 5,906.2 |
| Bear put debit spread | 5,755 / 5,875 | −$2,698.75 debit | $9,301.25 | $2,698.75 | below 5,848.0 |
| 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 0.78% from 5890 to settle at 5935.94. VIX went from 19.2 to 18.4. Neither credit short strike (5755P / 5985C) was touched.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$126.20 |
| Bear call credit spread | WIN | +$71.20 |
| Bull call debit spread | WIN | +$2,967.70 |
| Bear put debit spread | LOSS | −$2,700.05 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit FAVORED (+3.25): risk-on: SPX +0.8% over 5 sessions with VIX -8.1% — the tape is rising and vol is confirming it (+1.50); SPX trend UP (5d +0.8%, 20d +5.1%) (+0.75); VIX 19.2 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -8.1% over 5 sessions — fear is draining out (+0.50)
- call_credit AVOID (-3.25): risk-on: SPX +0.8% over 5 sessions with VIX -8.1% — the tape is rising and vol is confirming it (-1.75); SPX trend UP (5d +0.8%, 20d +5.1%) (-1.50); VIX 19.2 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -8.1% 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)
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.