Daily Options Scenario
Daily Options Scenario #69
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 going nowhere in particular, options priced for real swings, 3 sessions on the clock, and fomc decision 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 | 5,530 / 5,500 | +$750.00 credit | $750.00 | $2,250.00 | above 5,522.5 |
| Bear call credit spread | 5,650 / 5,680 | +$920.00 credit | $920.00 | $2,080.00 | below 5,659.2 |
| Bull call debit spread | 5,655 / 5,595 | −$2,685.00 debit | $3,315.00 | $2,685.00 | above 5,621.9 |
| Bear put debit spread | 5,530 / 5,590 | −$2,167.50 debit | $3,832.50 | $2,167.50 | below 5,568.3 |
| 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 3 sessions SPX rose 1.25% from 5590 to settle at 5659.91. VIX went from 23.6 to 21.9. The hold high of 5720 traded through the 5650 short call strike. FOMC rate decision landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$748.70 |
| Bear call credit spread | LOSS | −$72.30 |
| Bull call debit spread | WIN | +$3,313.70 |
| Bear put debit spread | LOSS | −$2,168.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (+0.75): rangebound: SPX +0.5% over 5 sessions, VIX -6.0% — no directional agreement between tape and vol (+0.75); SPX trend CHOP (5d +0.5%, 20d +10.4%) (+0.25); VIX 23.6 is rich: long premium is expensive and credit is rich for a reason (+0.25); FOMC rate decision prints inside the 3-day hold window (-0.50)
- call_credit AVOID (-1.25): rangebound: SPX +0.5% over 5 sessions, VIX -6.0% — no directional agreement between tape and vol (-0.50); SPX trend CHOP (5d +0.5%, 20d +10.4%) (+0.25); VIX 23.6 is rich: long premium is expensive and credit is rich for a reason (+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); FOMC rate decision prints inside the 3-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.