It was a week of mixed results for us at SPX Option Trader. We ended this past week with -2% ROI in our SPX Daily Outlook, +1% ROI in our SPY Daily Outlook, -72% ROI in our SPX Aggressive trader, -68% ROI in our SPY Aggressive trader, -156% ROI in our Late Day Trader, and -113% ROM in our SPX Spread Trader.
The past week included one session without trades in the morning due to a large opening gap, and three High Volatility Trades. Weeks like this are a normal part of the ebb and flow of day trading SPX and SPY 0DTE options. It’s important to stay confident and remain focused on the bigger picture, as consistency and patience are key to long-term success. By using the insights from the Daily Outlook, sticking to our proven strategies, and practicing sound money management, we are well-positioned to achieve lasting success. We’re excited and optimistic about the opportunities in the upcoming week, as we continue day trading SPX and SPY 0DTE options.
As a reminder, the stock market will be closed on Monday, January 20, in observance of Martin Luther King Jr. Day.
1/13/2025
Daily Outlook
We forecast a down up day in the market and entered our positions just after 9:35 a.m. Today was another “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. As the market moved in our direction we started using about a 20% trailing stop. It started to reverse and as it started to rally, we exited our positions just after 9:40 a.m. for +9% in SPX and +12% in SPY. Another profitable day and we look forward to what tomorrow will bring!
Aggressive Trader
We forecast a down up day in the market and entered our positions just after 9:35 a.m. We exited our positions just after 9:40 a.m. for -7% in SPX and -7% 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. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.
Late Day Trader
Just before 2:15 p.m. we entered a put option trade. The market ran very briefly in our direction but then reversed course 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.
1/14/2025
Daily Outlook
We forecast an up day in the market and entered our positions just before 9:35 a.m. Today was another “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. As the market moved in our direction we started using about a 20% trailing stop. We didn’t exit at the first pullback, but as it started to pull back again, we exited our positions just after 9:45 a.m. for +8% in SPX and +8% 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 just before 9:35 a.m. We exited our positions just after 9:45 a.m. for -6% in SPX and -6% 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 -58% 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 2:15 p.m. we entered a call option trade. The market ran very briefly in our direction but then reversed course on us. It bounced back up and then started lower. The inability to break above the strike price was concerning. As it broke below the 5855 level for a second time after entry and continued lower, we exited our position just after 2:40 p.m. for -35%. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.
1/15/2025
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
Just before 1:30 p.m. we entered a call option trade. The market went in our direction in a slow and steady fashion. The option was a bit more expensive than normal for a late day trade, and so as we hit +35% we were using about a 25% trailing stop. We were also watching the 10 SMA on a 5-minute chart. The market started to pull back, and as it did we exited our position just after 2:20 p.m. for +10%. After pulling back further, the market rallied very fast and greater profit was possible later in the day. Of course, it is always a bit frustrating to exit a position just before it runs, but that happens. The time of day, how the SPX started pulling back as approached previous high of the day, and the high price of the option, were all warning indicators. So, we thought it best to lock in a small profit rather than risk a loss at this point. A small but profitable day and we look forward to what tomorrow will bring!
1/16/2025
Daily Outlook
We forecast an up day in the market and entered our positions just before 9:35 a.m. As the market moved in our direction we started using about a 30% trailing stop. The market was struggling to break through the daily target level, and started to drop very quickly. As it did, we exited our positions just before 9:45 a.m. for -5% in SPX and -8% 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 an up day in the market and entered our positions just before 9:35 a.m. We exited our positions just after 9:45 a.m. for -30% in SPX and -32% 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 -56% ROM. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring.
Late Day Trader
Due to market conditions, there was no trade for us today.
1/17/2025
Daily Outlook
We forecast an up day in the market and entered our positions at 9:35 a.m. Today was another “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. Today was a fast trade indeed. We were watching the possible support level of 5983 in SPX as our stop level. The market started to reverse course on us, and as it broke that level we exited our positions just before 9:40 a.m. for -14% in SPX and -11% in SPY. Just didn’t go our way, so we shake it off and look forward to what next week 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 just before 9:45 a.m. for -29% in SPX and -24% in SPY. Just didn’t go our way, so 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 +41% ROM. Another profitable day and we look forward to what next week will bring!
Late Day Trader
Just after 1:10 p.m. we entered a call option trade. The market ran very briefly in our direction but then reversed course on us. The fast reversal off the strike price was very concerning, so we were watching it closely. As it started to drop, we exited our position just after 1:30 p.m. for -31%. Just didn’t go our way, so we shake it off and look forward to what next week will bring.