It was another profitable week for us at SPX Option Trader! We ended this past week with +130% ROI in our SPX Daily Outlook, +137% ROI in our SPY Daily Outlook, +127% ROI in our SPX Aggressive trader, +137% ROI in our SPY Aggressive trader, -100% ROI in our Late Day Trader, and +8% ROM in our SPX Spread Trader.
This past week, we traded just three days due to the holiday schedule, yet our consistent strategy and reliance on the Daily Outlook proved key to our ongoing success. By accurately forecasting market direction and target levels, we consistently navigate the volatility of trading SPX and SPY Zero DTE options. With only two trading days remaining this month and year, we’re excited for another productive week ahead day trading SPX and SPY options.
12/23/2024
Daily Outlook
We forecast a down day in the market and entered our positions just before 9:35 a.m. The market quickly went in our forecast direction and as we hit over +40% in our option position we started following with about a 30% trailing stop. The market started to bounce off the daily target level and as it did we exited our positions just after 9:40 a.m. for +10% in SPX and +12% in SPY. The drop did continue and greater profit was possible later in the day, and we were able to capture some of the run in our Aggressive Trader. 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 before 9:35 a.m. We adjusted our stop level as the market moved at exited our positions just before 9:55 a.m. for +77% in SPX and +87% in SPY. Another profitable day and we look forward to what tomorrow will bring.
Spread Trader
We exited our SPX Spread Trade early for a return +12% ROM. Another profitable day and we look forward to what tomorrow will bring.
Late Day Trader
Due to market conditions, there was no trade for us today.
12/24/2024
No Trade due to ½ day of trading.
12/25/2024
Market closed for Christmas.
12/26/2024
Daily Outlook
We forecast a down day in the market and entered our positions at 9:35 a.m. The market bounced around for a bit before starting to drop rather quickly just before 9:50 a.m. As the market ran, we adjusted our trailing stop accordingly. After hitting over +100% the market started to bounce, and as it did, we exited our positions just before 9:55 a.m. for +89% in SPX and +94% 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 at 9:35 a.m. We adjusted our stop level as the market moved at exited our positions just after 9:55 a.m. for +45% in SPX and +45% in SPY. Another profitable day and we look forward to what tomorrow will bring.
Spread Trader
We exited our SPX Spread Trade early for a return -2% ROM. Basically, a flat day and we look forward to what tomorrow will bring.
Late Day Trader
Just after 2:15 p.m. we entered a put option trade. the market initially moved slightly in our favor, but then the market began to rally, 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.
12/27/2024
Daily Outlook
We forecast a down day in the market and entered our positions just before 9:35 a.m. The market very quickly dropped and as we hit over +50% in our option position we started using about a 25% trailing stop. The market started to bounce, and as it did, we exited our positions just before 9:40 a.m. for +31% in SPX and +31% in SPY. Eventually the market did run as forecast and greater profit was possible for those willing to hold their positions. But that fast bounce was concerning and why we exited where we did. So, another profitable day and we look forward to what next week will bring.
Aggressive Trader
We forecast a down day in the market and entered our positions just before 9:35 a.m. We adjusted our stop level as the market moved at exited our positions just before 9:50 a.m. for +5% in SPX and +5% 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 -2% ROM. Basically, a flat 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.