Week in Review 10/31/2022-11/04/2022
It was another profitable month for us at SPX Option Trader! We ended the month of October with +477% ROI in our SPX weekly option trading, +379% ROI in our SPY weekly option trading and +207% ROM in our SPX Spread Trader. We ended this past week with +1% ROI in our SPX weekly option trading, -15% ROI in our SPY weekly option trading and -35% ROM in our SPX Spread Trader. We only traded 4 days this past week due to the FOMC meeting. Once again we saw that each day we traded was a High Volatility Trade for us. Normally these types of trades occur about 4 or 5 times a month. Yet over the last month nearly every day has been a High Volatility Trade. This reflects the extreme volatility we are experiencing in the market. While these types of trades use different guidelines, our overall profit and success ratios remain in line with historic averages. So, we approach each day fresh and look forward to another exciting week ahead of us day trading SPX and SPY weekly options. Below are our comments for each trading day of this week:
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