It was an abbreviated and choppy week for us at SPX Option Trader. We ended this past week with -16% ROI in our SPX Daily Outlook trading, -8% ROI in our SPY Daily Outlook trading, -56% ROI in our SPX Aggressive Trader, -54% ROI in our SPY Aggressive Trader and -32% ROM in our SPX Spread Trader. This is the first down week in our Daily Outlook in 9 weeks. A reminder that not every week is a winner, and that is something all traders must come to terms with. While we never like down weeks, we do expect them. We seek to never lose sight of the bigger picture. While we gave a bit back this week, we are still up nicely for the month and look forward to a great week ahead of us.
Please note the markets will be closed Thursday, November 23rd. We will also not be trading on Friday November 24th as the market is only open for a half day of trading and we don’t trade on such days. We wish you and your family a wonderful Thanksgiving weekend! Normal trading activity for us will resume on Monday, November 27th. Below are our comments for each day of this past week.
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