Daily Options Scenario
Daily Options Scenario #77
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 leaking lower, options priced for quiet but starting to twitch, 2 sessions on the clock, and jobs 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 | 4,650 / 4,625 | +$147.50 credit | $147.50 | $2,352.50 | above 4,648.5 |
| Bear call credit spread | 4,745 / 4,760 | +$315.00 credit | $315.00 | $1,185.00 | below 4,748.1 |
| Bull call debit spread | 4,750 / 4,725 | −$1,027.50 debit | $1,472.50 | $1,027.50 | above 4,735.3 |
| Bear put debit spread | 4,650 / 4,720 | −$1,877.50 debit | $5,122.50 | $1,877.50 | below 4,701.2 |
| 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 0.49% from 4721 to settle at 4697.24. VIX went from 13.2 to 13.3. Neither credit short strike (4650P / 4745C) was touched. Jobs report (Employment Situation) landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$146.20 |
| Bear call credit spread | WIN | +$313.70 |
| Bull call debit spread | LOSS | −$1,028.80 |
| Bear put debit spread | WIN | +$397.20 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit AVOID (-2.25): rangebound: SPX -1.1% over 5 sessions, VIX +1.3% — no directional agreement between tape and vol (+0.75); SPX trend DOWN (5d -1.1%, 20d +3.3%) (-1.00); VIX 13.2 is cheap: optionality is well priced, but credit is thin for the tail you carry (-0.50); SPX is flashing a momentum-reversal flag — whipsaw cuts both sides (-1.00); Jobs report (Employment Situation) prints inside the 2-day hold window (-0.50)
- call_credit AVOID (-2.00): rangebound: SPX -1.1% over 5 sessions, VIX +1.3% — no directional agreement between tape and vol (-0.50); SPX trend DOWN (5d -1.1%, 20d +3.3%) (+0.75); VIX 13.2 is cheap: optionality is well priced, but credit is thin for the tail you carry (-0.50); SPX is flashing a momentum-reversal flag — whipsaw cuts both sides (-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); Jobs report (Employment Situation) 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.