Daily Options Scenario
Daily Options Scenario #75
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 pressing higher, options still charging for trouble, though the charge is easing, 3 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 | 5,860 / 5,830 | +$281.25 credit | $281.25 | $2,718.75 | above 5,857.2 |
| Bear call credit spread | 5,980 / 6,010 | +$356.25 credit | $356.25 | $2,643.75 | below 5,983.6 |
| Bull call debit spread | 5,985 / 5,925 | −$2,092.50 debit | $3,907.50 | $2,092.50 | above 5,945.9 |
| Bear put debit spread | 5,865 / 5,925 | −$1,715.00 debit | $4,285.00 | $1,715.00 | below 5,907.9 |
| 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 1 session SPX rose 0.72% from 5921 to settle at 5963.60. VIX went from 17.8 to 18.1. Neither credit short strike (5860P / 5980C) was touched.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$279.95 |
| Bear call credit spread | WIN | +$354.95 |
| Bull call debit spread | WIN | +$1,766.20 |
| Bear put debit spread | LOSS | −$1,716.30 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit FAVORED (+3.50): risk-on: SPX +4.6% over 5 sessions with VIX -20.7% — the tape is rising and vol is confirming it (+1.50); SPX trend STRONG_UP (5d +4.6%, 20d +12.1%) (+1.00); VIX 17.8 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -20.7% over 5 sessions — fear is draining out (+0.50)
- call_credit AVOID (-4.00): risk-on: SPX +4.6% over 5 sessions with VIX -20.7% — the tape is rising and vol is confirming it (-1.75); SPX trend STRONG_UP (5d +4.6%, 20d +12.1%) (-2.25); VIX 17.8 is elevated: sellers are paid more, buyers pay up (+0.50); VIX has collapsed -20.7% over 5 sessions — fear is draining out (+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)
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.