It was a mixed week for us at SPX Option Trader.  We ended this past week with -6% ROI in our SPX Daily Outlook, +5% ROI in our SPY Daily Outlook, -121% ROI in our SPX Aggressive trader, -80% ROI in our SPY Aggressive trader, -166% ROI in our Late Day Trader, and -16% ROM in our SPX Spread Trader.  This week brought several days of extremely fast market moves, emphasizing the need for traders to closely monitor their option positions. Staying alert and ready to exit trades quickly is crucial for securing profits or limiting losses. By maintaining discipline and following our strategies, we continue to successfully navigate volatile market conditions.

A Trader must understand that not every trade will be a winner, but consistency and having a successful strategy is key. Emotional trading can lead to costly mistakes, which is why sticking to a proven plan is essential. Whether it’s a strong week or a challenging one, maintaining focus and learning from each trade is crucial. As we stay consistent in our approach, we are confident of success. We’re excited for another great week of trading SPX and SPY 0DTE options! Below is our daily analysis for the past week:

2/3/2025

Daily Outlook

Due to market conditions, there was no trade for us today.

Aggressive Trader

Due to market conditions, there was no trade for us today.

Spread Trader

Due to market conditions, there was no trade for us today.

Late Day Trader

Due to market conditions, there was no trade for us today.

2/4/2025

Daily Outlook

We forecast a down day in the market and entered our positions at 9:35 a.m.  We were watching the 6005 level in the SPX as our possible stop level. We didn’t immediately exit at the first test of that level, but as it hit that level a second time we exited our positions just after 9:50 a.m. for -25% in SPX and -21% 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 10:05 a.m. for -61% in SPX and -52% 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 -50% 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 2 p.m. we entered a put option trade. The market briefly ran in our direction and then reversed direction just as quickly. This fast of a reversal is always concerning. We gave our position about a 70% trailing stop and as the rally continued we exited our position just before 2:10 p.m. for -47%.  We weren’t willing to risk any further downside, given that fast rally. Unfortunately, it just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

2/5/2025

Daily Outlook

We forecast a down day in the market and entered our positions at 9:40 a.m.  As the market went in our direction, we started using a trailing stop. As we hit over +65% we were using about a 25% trailing stop. As the market started to rally quickly, we exited our positions just before 10 a.m. for +41% in SPX and +40% in SPY. Another profitable day and we look forward to what tomorrow will bring!

Aggressive Trader

We forecast a down day in the market and entered our positions at 9:40 a.m.  We exited our positions at 10:00 a.m. for -3% in SPX and 0% in SPY. Basically, a flat day and we look forward to what tomorrow will bring.

Spread Trader

We exited our SPX Spread Trade early for a return +6% ROM.  Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

Just after 1:45 p.m. we entered a put option trade. The market briefly ran in our direction and then reversed direction on us. Ultimately resulting in a -100% loss by the close. Losses like this are never ideal, but they are a part of this high-risk, speculative strategy. While today didn’t work out as planned, we look forward to what tomorrow will bring.

2/6/2025

Daily Outlook

We forecast an up 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 +20% we were using about a 30% trailing stop. As the market started to pull back, we exited our positions at 9:55 a.m. for -13% in SPX and -10% in SPY. A small drawdown today, so we look forward to what tomorrow will bring!

Aggressive Trader

We forecast an up day in the market and entered our positions at 9:35 a.m. We exited our positions at 10:25 a.m. for -37% in SPX and -29% 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 +40% ROM Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

Just after 12:55 p.m. we entered a call option trade. The market briefly ran in our direction and then reversed direction on us very quickly. This fast reversal was concerning, we gave it a few minutes, but as it continued to drop, we exited our position just after 1:10 p.m. for -19%. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.

2/7/2025

Daily Outlook

We forecast an up day in the market and entered our positions before 9:35 a.m.  As the market went in our direction, we started using a trailing stop. As we hit nearly +30% we were using about a 30% trailing stop. At 10 a.m. there was a very fast reversal and as it pulled back, we exited our positions at 10 a.m. for -9% in SPX and -3% in SPY. A small drawdown today, and we look forward to what next week will bring!

Aggressive Trader

We forecast an up day in the market and entered our positions before 9:35 a.m. We exited our positions at 10 a.m. for -21% in SPX and +1% in SPY. A small drawdown today, and we look forward to what next week will bring!

Spread Trader

We exited our SPX Spread Trade early for a return -12% ROM.  Just didn’t go our way, so we shake it off and look forward to what next week will bring

Late Day Trader

Due to market conditions, there was no trade for us today.