Daily Options Scenario
Daily Options Scenario #70
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 leaning up, options priced for quiet, 2 sessions on the clock, and fomc decision 2 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 | 4,845 / 4,820 | +$327.50 credit | $327.50 | $2,172.50 | above 4,841.7 |
| Bear call credit spread | 4,945 / 4,970 | +$355.00 credit | $355.00 | $2,145.00 | below 4,948.6 |
| Bull call debit spread | 4,950 / 4,900 | −$1,640.00 debit | $3,360.00 | $1,640.00 | above 4,916.4 |
| Bear put debit spread | 4,845 / 4,895 | −$1,572.50 debit | $3,427.50 | $1,572.50 | below 4,879.3 |
| 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 2 sessions SPX fell 1.02% from 4896 to settle at 4845.65. VIX went from 13.3 to 14.3. Neither credit short strike (4845P / 4945C) was touched. FOMC rate decision landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$326.20 |
| Bear call credit spread | WIN | +$353.70 |
| Bull call debit spread | LOSS | −$1,641.30 |
| Bear put debit spread | WIN | +$3,361.20 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (+0.50): rangebound: SPX +0.9% over 5 sessions, VIX -0.3% — no directional agreement between tape and vol (+0.75); SPX trend UP (5d +0.9%, 20d +2.4%) (+0.75); VIX 13.3 is cheap: optionality is well priced, but credit is thin for the tail you carry (-0.50); FOMC rate decision prints inside the 2-day hold window (-0.50)
- call_credit AVOID (-3.75): rangebound: SPX +0.9% over 5 sessions, VIX -0.3% — no directional agreement between tape and vol (-0.50); SPX trend UP (5d +0.9%, 20d +2.4%) (-1.50); VIX 13.3 is cheap: optionality is well priced, but credit is thin for the tail you carry (-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); FOMC rate decision prints inside the 2-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.