Week in Review 1/7/2019-1/11/2019
We had another profitable week at SPX Option Trader. We ended up +39% ROI in our SPY weekly option trading and +19% ROI in SPX weekly option trading. It was a tough week with 1 nice winner and then 4 smaller down trades. We had several days, where the market went our way a bit and then reversed and took us out for a small loss. Obviously, such days are extremely frustrating, but that is how trading goes. We stay consistent and try to keep our losers small when possible. But at the same time, we don’t want to exit too quickly. Our goal is to be in the trade and be able to ride the big winners when they come. Our forecasts for 1st level targets were 100% accurate this past week in both SPX and SPY. So our analysis continues to be a reliable indicator for trading and we look forward to better trading in the days ahead. Below are our comments for each day’s trading activity.
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