Daily Options Scenario
Daily Options Scenario #72
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 quiet but starting to twitch, 3 sessions on the clock, and cpi 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 | 5,995 / 5,960 | +$292.50 credit | $292.50 | $3,207.50 | above 5,992.1 |
| Bear call credit spread | 6,120 / 6,155 | +$322.50 credit | $322.50 | $3,177.50 | below 6,123.2 |
| Bull call debit spread | 6,125 / 6,060 | −$2,220.00 debit | $4,280.00 | $2,220.00 | above 6,082.2 |
| Bear put debit spread | 5,990 / 6,055 | −$1,537.50 debit | $4,962.50 | $1,537.50 | below 6,039.6 |
| 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 fell 0.12% from 6059 to settle at 6051.09. VIX went from 14.2 to 13.8. Neither credit short strike (5995P / 6120C) was touched. CPI release landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$291.20 |
| Bear call credit spread | WIN | +$321.20 |
| Bull call debit spread | LOSS | −$2,221.30 |
| Bear put debit spread | LOSS | −$1,147.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (-0.25): rangebound: SPX +0.1% over 5 sessions, VIX +6.4% — no directional agreement between tape and vol (+0.75); SPX trend CHOP (5d +0.1%, 20d +0.9%) (+0.25); VIX jumped +11.1% in one session — the repricing is still in motion (-0.75); CPI release prints inside the 3-day hold window (-0.50)
- call_credit AVOID (-1.75): rangebound: SPX +0.1% over 5 sessions, VIX +6.4% — no directional agreement between tape and vol (-0.50); SPX trend CHOP (5d +0.1%, 20d +0.9%) (+0.25); VIX jumped +11.1% in one session — the repricing is still in motion (-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); 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.