Daily Options Scenario
Daily Options Scenario #71
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 charging more for trouble by the day, 3 sessions on the clock, and cpi 3 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 | 5,670 / 5,640 | +$582.50 credit | $582.50 | $2,417.50 | above 5,664.2 |
| Bear call credit spread | 5,790 / 5,820 | +$640.00 credit | $640.00 | $2,360.00 | below 5,796.4 |
| Bull call debit spread | 5,795 / 5,735 | −$2,442.50 debit | $3,557.50 | $2,442.50 | above 5,759.4 |
| Bear put debit spread | 5,670 / 5,730 | −$2,015.00 debit | $3,985.00 | $2,015.00 | below 5,709.9 |
| 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 0.87% from 5730 to settle at 5780.05. VIX went from 19.2 to 20.9. The hold high of 5797 traded through the 5790 short call strike. CPI release landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$581.20 |
| Bear call credit spread | WIN | +$638.70 |
| Bull call debit spread | WIN | +$2,061.20 |
| Bear put debit spread | LOSS | −$2,016.30 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit OK (+1.00): rangebound: SPX -0.6% over 5 sessions, VIX +13.3% — no directional agreement between tape and vol (+0.75); SPX trend CHOP (5d -0.6%, 20d +4.7%) (+0.25); VIX 19.2 is elevated: sellers are paid more, buyers pay up (+0.50); CPI release prints inside the 3-day hold window (-0.50)
- call_credit AVOID (-1.00): rangebound: SPX -0.6% over 5 sessions, VIX +13.3% — no directional agreement between tape and vol (-0.50); SPX trend CHOP (5d -0.6%, 20d +4.7%) (+0.25); VIX 19.2 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); CPI release 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.