Daily Options Scenario
Daily Options Scenario #78
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 1 DTE. Pick your play, then reveal what the tape did.
This board: a tape going nowhere in particular, options priced for quiet, 1 session on the clock, and jobs 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 | 4,520 / 4,495 | +$200.00 credit | $200.00 | $2,300.00 | above 4,518.0 |
| Bear call credit spread | 4,615 / 4,640 | +$190.00 credit | $190.00 | $2,310.00 | below 4,616.9 |
| Bull call debit spread | 4,620 / 4,570 | −$1,387.50 debit | $3,612.50 | $1,387.50 | above 4,583.9 |
| Bear put debit spread | 4,515 / 4,565 | −$1,352.50 debit | $3,647.50 | $1,352.50 | below 4,551.5 |
| 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 0.78% from 4569 to settle at 4604.37. VIX went from 13.0 to 12.3. Neither credit short strike (4520P / 4615C) was touched. Jobs report (Employment Situation) landed during the hold.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$198.70 |
| Bear call credit spread | WIN | +$188.70 |
| Bull call debit spread | WIN | +$2,048.20 |
| Bear put debit spread | LOSS | −$1,353.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (+0.00): rangebound: SPX +0.0% over 5 sessions, VIX -0.1% — no directional agreement between tape and vol (+0.75); SPX trend CHOP (5d +0.0%, 20d +4.2%) (+0.25); VIX 13.0 is cheap: optionality is well priced, but credit is thin for the tail you carry (-0.50); Jobs report (Employment Situation) prints inside the 1-day hold window (-0.50)
- call_credit AVOID (-2.00): rangebound: SPX +0.0% over 5 sessions, VIX -0.1% — no directional agreement between tape and vol (-0.50); SPX trend CHOP (5d +0.0%, 20d +4.2%) (+0.25); VIX 13.0 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); Jobs report (Employment Situation) prints inside the 1-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.