It was another great month and week for us at SPX Option Trader! We ended the month of November with +199% ROI in our SPX Daily Outlook, +159% ROI in our SPY Daily Outlook, +386% ROI in our SPX Aggressive trader, +380% ROI in our SPY Aggressive trader, +10% ROI in our Late Day Trader, and -81% ROM in our SPX Spread Trader.  While we had a bit of a drawdown in the Spread Trader for the month, it was a great month for our other strategies. We ended this past week with +5% ROI in our SPX Daily Outlook, +8% ROI in our SPY Daily Outlook, +74% ROI in our SPX Aggressive trader, +73% ROI in our SPY Aggressive trader, -2% ROI in our Late Day Trader, and -6% ROM in our SPX Spread Trader.

This week, we traded only two days due to market volatility and the Thanksgiving holiday. Throughout the month, the market reached historic levels, presenting unique challenges for day traders. However, with the support of our SPX Daily Outlook, members are equipped with the insights and strategies needed to navigate these market moves with confidence. This confidence has been key to achieving the strong returns we enjoyed this month. By maintaining our consistent approach, we look forward to continuing our success in the weeks and months ahead.

Please note, the market will be closed on Thanksgiving Day, and Friday will have a shortened trading session. At SPX Option Trader, we don’t trade on half days, so there will be no trading on Thursday or Friday. Normal trading will resume on Monday, December 2nd.

We wish you and your family a very Happy Thanksgiving! Enjoy the long weekend, and we’ll see you next week, ready to tackle the markets together.

11/25/2024

Daily Outlook

No Trade or forecast today due to market conditions.

Aggressive Trader

No Trade today due to market conditions.

Spread Trader

No Trade today due to market conditions.

Late Day Trader

No Trade today due to market conditions.

11/26/2024

Daily Outlook

We forecast a down day in the market and entered our positions just after 9:35 a.m. The market quickly ran in our forecast direction and as we hit over +40% in our option position we started using about a 30% trailing stop. The market started to bounce and as it did, we exited our positions just before 9:40 a.m. for +18% in SPX and +15% 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 just after 9:35 a.m. The. We adjusted our stop level as the market moved and exited our positions just before 9:50 a.m. for -1% in SPX and -3% in SPY.  Basically a flat day for us and we 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 tomorrow.

Late Day Trader

We entered a put option position just after 2:15 p.m.  We hit over +80% in our option position and then the market started to bounce very quickly. We were watching it closely and as it started to rally off the 6005 level, we exited our position just after 2:30 p.m. for -2%. Basically a flat day for us and we look forward to what tomorrow will bring!

11/27/2024

Daily Outlook

We forecast a down day in the market and entered our positions at 9:35 a.m. The market ran in our forecast direction and as we hit over +20% in our option positions we started using about a 40% trailing stop. The market started to bounce and as it did, we exited our positions just after 9:45 a.m. for -14% in SPX and -7% in SPY.  A small drawdown today, so we shake it off and look forward to what next week will bring!

Aggressive Trader

We forecast a down day in the market and entered our positions at 9:35 a.m. We adjusted our stop level as the market moved and exited our positions at 10:40 a.m. for +76% in SPX and +76% in SPY.  Another profitable day and we look forward to what next week will bring!

Spread Trader

We exited our SPX Spread Trade early for a return +42% ROM. Another profitable day and we look forward to what next week will bring!

Late Day Trader

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

11/28/2024

Markets closed.

11/29/2024

Abbreviated Trading Day, no forecast or trades for any strategy.