Daily Options Scenario
Daily Options Scenario #79
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. 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 | +$482.50 credit | $482.50 | $2,517.50 | above 5,665.2 |
| Bear call credit spread | 5,790 / 5,820 | +$490.00 credit | $490.00 | $2,510.00 | below 5,794.9 |
| Bull call debit spread | 5,790 / 5,730 | −$2,462.50 debit | $3,537.50 | $2,462.50 | above 5,754.6 |
| Bear put debit spread | 5,665 / 5,725 | −$1,722.50 debit | $4,277.50 | $1,722.50 | below 5,707.8 |
| 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 0.49% from 5728 to settle at 5699.94. VIX went from 17.0 to 20.5. Neither credit short strike (5670P / 5790C) was touched.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$481.20 |
| Bear call credit spread | WIN | +$488.70 |
| Bull call debit spread | LOSS | −$2,463.80 |
| Bear put debit spread | WIN | +$782.20 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit REDUCED (+0.75): rangebound: SPX +0.2% over 5 sessions, VIX +5.0% — no directional agreement between tape and vol (+0.75); SPX trend CHOP (5d +0.2%, 20d +1.4%) (+0.25); VIX 17.0 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +10.3% in one session — the repricing is still in motion (-0.75)
- call_credit REDUCED (-0.75): rangebound: SPX +0.2% over 5 sessions, VIX +5.0% — no directional agreement between tape and vol (-0.50); SPX trend CHOP (5d +0.2%, 20d +1.4%) (+0.25); VIX 17.0 is elevated: sellers are paid more, buyers pay up (+0.50); VIX jumped +10.3% 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)
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.