A very unusual week of trading for us at SPX Option Trader. We had 3 days of no trading activity, which is extremely rare for us. The higher price of options has made trading as normal very difficult. But with only 2 trading days this week we still had +85% ROI in SPY weekly option trading and +70% ROI in SPX weekly option trading. Our forecasts for daily direction and hitting all 3 target levels were correct 5 out of the 5 days this week! So our forecasts have been extremely reliable, and those willing to risk trading at these higher options prices have profited nicely by using the SPX Daily Outlook. Periods of no trades are rare for us, but they do happen. We simply remain patient in our trading and never force a trade just to have activity. Trading is extremely difficult in this current environment. But by using the information shared in our SPX Daily Outlook we are able to have a reliable guideline for trading.
Next week is an abbreviated week of trading with Christmas Eve only being a half day of trading, and the markets are closed for Christmas day. We do not trade when the market is only open for half day and so we will resume our normal activity on Wednesday, Dec 26th. We wish you and your family a very Merry Christmas and look forward to another great week of trading SPX and SPY weekly options.
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