It was a mixed week for us at SPX Option Trader.  We ended this past week with +51% ROI in our Late Day Trader ,-12% ROI in our SPX Daily Outlook, -21% ROI in our SPY Daily Outlook, -105% ROI in our SPX Aggressive trader, -117% ROI in our SPY Aggressive trader, and -79% ROM in our SPX Spread Trader. This past week provided a clear example of how the market can sometimes make significant moves after exiting a position. This is a natural part of trading, and successful traders must be prepared for it. Consistency is crucial in day trading, and it’s important to stay disciplined rather than feeling frustrated when a trade continues to run after locking in a small profit. The key to long-term success is following a well-defined strategy instead of chasing every last dollar. By focusing on executing a solid trading plan and avoiding emotional decisions, traders can achieve steady growth and minimize costly mistakes.  We look forward to another exciting week ahead of us day trading SPX and SPY 0DTE options!

Below are our comments for each day of this past week. As a reminder, the stock market will be closed on Monday, February 19th, for Presidents’ Day.

2/10/2025

Daily Outlook

We forecast a down day in the market and entered our positions at 9:35 a.m.  As the market went in our direction, we started using a trailing stop. As we hit nearly +40% we were using about a 30% trailing stop. The market started to reverse and as it did, we exited our positions just before 9:55 a.m. for +10% in SPX and +5% in SPY. A small profit today, and we look forward to what tomorrow will bring!

Aggressive Trader

We forecast a down day in the market and entered our positions at 9:35 a.m.  We exited our positions just after 10 a.m. for -12% in SPX and -14% in SPY. A small drawdown today, and we look forward to what tomorrow will bring!

Spread Trader

We exited our SPX Spread Trade early for a return -2% ROM.  Basically, a flat day for us and we look forward to what tomorrow will bring

Late Day Trader

Just after 3:35 p.m. we entered a put option trade. We quickly hit nearly +50% and then it started to bounce. Given the time of day we weren’t willing to give it too much room. So, as it bounced we exited our position at 3:40 p.m. for -9%. A small drawdown today, and we look forward to what tomorrow will bring!

2/11/2025

Daily Outlook

We forecast a down day in the market and entered our positions just after 9:35 a.m. We were initially watching the possible resistance level of 6058 in SPX as our possible stop level. We didn’t immediately exit at the first touch of that level, and the market pulled back. Just after 10:15 a.m. we were watching either the 603.75 level in SPY or 6058 in SPX. The market started to rally and as it broke that level in SPY, we exited our positions at 10:25 a.m. for -40% in SPX and -39% in SPY. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Aggressive Trader

We forecast a down day in the market and entered our positions just after 9:35 a.m.  We exited our positions just before 10:30 a.m. for -48% in SPX and -51% in SPY. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Spread Trader

We held our SPX Spread Trader position to the close for -36% ROM.   Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Late Day Trader

Just after 2:10 p.m. we entered a put option trade. The marked started to go in our direction, but then turned. The rally here was concerning so we started using about a 50% trailing stop. As it bounced, we exited our position at 2:30 p.m. for -42%. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

2/12/2025

Daily Outlook

We forecast a down day in the market and entered our positions at 9:35 a.m.  Today was a “High Volatility Trade” which means the trade is higher risk and we use our adjusted guidelines as discussed on the website. These trades are often very fast and have the potential to be very volatile. We were watching the possible resistance level of 6022 in SPX as our possible stop level. The market started to rally and as it broke that level, we exited our positions just before 9:45 a.m. for -29% in SPX and -28% in SPY. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Aggressive Trader

We forecast a down day in the market and entered our positions at 9:35 a.m.  We exited our positions just after 9:50 a.m. for -49% in SPX and -49% in SPY. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Spread Trader

We held our SPX Spread Trader position to the close for -48% ROM.   Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

Late Day Trader

Just before 1:45 p.m. we entered a put option trade. Our option hit nearly +30% and then started to bounce. Given the volatility of the day we started using about a 50% trailing stop. As it bounced, we exited our position just after 2:20 p.m. for -21%. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

2/13/2025

Daily Outlook

We forecast an up day in the market and entered our positions at 9:40 a.m.  As the market moved in our forecast direction we adjusted our stop, as we hit nearly +75% we started using about a 25% trailing stop. As the market pulled back quickly we exited our positions just before 10:05 a.m. for +50% in SPX and +48% in SPY. Another profitable day and we look forward to what tomorrow will bring!

Aggressive Trader

We forecast an up day in the market and entered our positions at 9:40 a.m.  We exited our positions just before 10:05 a.m. for +29% in SPX and +26% in SPY. Another profitable day and we look forward to what tomorrow will bring!

Spread Trader

We exited our SPX Spread Trade early for a return +8% ROM.  Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

Just before 2 p.m. we entered a call option trade. Our option hit +150% and then started to pull back. Given the volatility of the day we started using about a 50% trailing stop. As it pulled back, we exited our position just after 2:10 p.m. for +96%. Another profitable day and we look forward to what tomorrow will bring!

2/14/2025

Daily Outlook

We forecast an up day in the market and entered our positions just after 9:35 a.m.  As the market moved in our forecast direction we adjusted our stop. As we hit over +20% we started using about a 30% trailing stop. As the market pulled back we exited our positions just after 10 a.m. for -4% in SPX and -7% in SPY. Basically, a flat day for us and we look forward to what next week will bring!

Aggressive Trader

We forecast an up day in the market and entered our positions just after 9:35 a.m.  We exited our positions just after 10:35 a.m. for -26% in SPX and -30% in SPY. A small drawdown for us, but we shake it off and look forward to what next week will bring!

Spread Trader

We exited our SPX Spread Trade early for a return -1% ROM.  Basically a flat day for us and we look forward to what next week will bring!

Late Day Trader

Just after 1:30 p.m. we entered a call option trade. Our option hit +50% and then started to pull back. As it pulled back, we exited our position just after 1:55 p.m. for +26%. Another profitable day and we look forward to what next week will bring!