This past week at SPX Option Trader was a shorter trading week, with a mix of results. We ended the week with +26% ROI in our Late Day Trader, +3% ROM in our SPX Spread Trader, -82% ROI in our SPX Daily Outlook, -78% ROI in our SPY Daily Outlook, -131% ROI in our SPX Aggressive trader, and -134% ROI in our SPY Aggressive trader.
This week, we saw profits in two of our strategies, while the other two experienced a drawdown. Drawdowns are a natural part of day trading, and there’s no need to be discouraged. While we experienced a drawdown this week, it’s a normal occurrence in the journey of a successful trader. At SPX Option Trader, we rely on proven, time-tested strategies that have delivered consistent results over the long term. Staying disciplined and focused during challenging weeks is key to achieving success in options trading. Remember, trading is a marathon, not a sprint, and our strategy is built to thrive over time. We confidently look ahead to a new week of day trading SPX and SPY 0DTE options.
Below are our comments for each day of this past week:
1/6/2025
Daily Outlook
We forecast a down day in the market and entered our positions just after 9:35 a.m. The market initially went in our direction, but then started to rally. We were focused on the possible support/resistance level of 5995 in SPX or 597.25 in SPY as our stop levels. As the market rallied and broke those levels we exited our positions at 9:40 a.m. for -25% in SPX and -25% in SPY. Eventually, the market did sell off. Unfortunately it just didn’t go our way fast enough, 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 after 9:50 a.m. for -52% in SPX and -50% in SPY. Just didn’t go our way fast enough today, so we shake it off and look forward to what tomorrow will bring.
Spread Trader
We exited our SPX Spread Trade early for a return +10% ROM. Another profitable day and we look forward to what tomorrow will bring!
Late Day Trader
Just before 1:40 p.m. we entered a put option trade. The market went in our direction rather quickly. We were watching our position very closely and after hitting over +125% we were using about a 65% trailing stop. The market started to bounce and so we exited our position just after 1:50 p.m. for +62%. Another profitable day and we look forward to what tomorrow will bring!
1/7/2025
Daily Outlook
We forecast an up day in the market and entered our positions just after 9:35 a.m. We were focused on the level of 5984 in SPX as our stop level. The market started to drop very quickly and as it broke that level, we exited our positions at 10 a.m. for -36% in SPX and -34% in SPY. Unfortunately, it 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 after 9:35 a.m. We exited our positions at 10 a.m. for -45% 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 -54% 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.
1/8/2025
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. We were focused on a level just below the low of the day at 5897 in SPX as our stop level. The market started to drop and as it broke that level, we exited our positions at 9:40 a.m. for -20% in SPX and -18% in SPY. Unfortunately, it just didn’t go our way, so we shake it off and look forward to what the next session 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 after 9:50 a.m. for -33% in SPX and -32% in SPY. Just didn’t go our way, so we shake it off and look forward to what the next session will bring.
Spread Trader
We exited our SPX Spread Trade early for a return +17% ROM. Another profitable day and we look forward to what next session will bring!
Late Day Trader
Just after 3:20 p.m. we entered a call option trade. The market ran very briefly in our direction but stalled at the strike price of 5915. Given the time of day, we weren’t willing to give it too much room, so as it started to pull back quickly off that level, we exited our position just after 3:30 p.m. for -36%. Just didn’t go our way, so we shake it off and look forward to what the next session will bring.
1/9/2025
Markets were closed.
1/10/2025
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
We exited our SPX Spread Trade early for a return +30% ROM. Another profitable day for us and we look forward to what next week will bring.
Late Day Trader
Due to market conditions, there was no trade for us today.