Daily Options Scenario
Daily Options Scenario #68
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 going nowhere in particular, options charging more for trouble by the day, 2 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 | 6,800 / 6,765 | +$142.50 credit | $142.50 | $3,357.50 | above 6,798.6 |
| Bear call credit spread | 6,950 / 6,975 | +$1,202.50 credit | $1,202.50 | $1,297.50 | below 6,962.0 |
| Bull call debit spread | 7,040 / 6,950 | −$3,036.25 debit | $5,963.75 | $3,036.25 | above 6,980.4 |
| Bear put debit spread | 6,800 / 6,900 | −$1,250.00 debit | $8,750.00 | $1,250.00 | below 6,887.5 |
| 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 fell 0.94% from 6948 to settle at 6882.72. VIX went from 17.4 to 18.6. The hold high of 6993 traded through the 6950 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$141.20 |
| Bear call credit spread | WIN | +$1,201.20 |
| Bull call debit spread | LOSS | −$3,037.55 |
| Bear put debit spread | WIN | +$476.70 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit OK (+1.50): rangebound: SPX -0.0% over 5 sessions, VIX +8.4% — no directional agreement between tape and vol (+0.75); SPX trend CHOP (5d -0.0%, 20d +1.3%) (+0.25); VIX 17.4 is elevated: sellers are paid more, buyers pay up (+0.50)
- call_credit REDUCED (-0.50): rangebound: SPX -0.0% over 5 sessions, VIX +8.4% — no directional agreement between tape and vol (-0.50); SPX trend CHOP (5d -0.0%, 20d +1.3%) (+0.25); VIX 17.4 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)
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.