It was another profitable week, month and year for us at SPX Option Trader! We ended 2022 with +3,588% ROI in our SPX weekly option trading, +2,932% ROI in our SPY weekly option trading and +783% ROM in our SPX Spread Trader. We ended December with +891% ROI in our SPX weekly option trading, +894% ROI in our SPY weekly option trading, and +237% ROM in our SPX Spread Trader. We ended this past week with +197% ROI in our SPX weekly option trading, +192% ROI in our SPY weekly option trading, and +106% ROM in our SPX Spread Trader.
2022 was another volatile year in the stock market. The S&P 500 had the worst year since 2008. However, by using the information provided in the SPX Daily Outlook each day, we had a fantastic year! The key to our continued success is in staying consistent in our approach and trading each day using the SPX Daily Outlook. The addition of Tuesday and Thursday expiration for both SPX and SPY this year has proven to be a huge advantage to us in our trading. This has positively impacted our returns in both the SPX Daily Outlook and SPX Spread Trader. The SPX Spread Trader has seen more than double the historical average return per month over this past year and we look forward to that continuing in the year ahead.
Once again, our forecasts have remained incredibly accurate over this past year. In fact, our percentage of accuracy in forecasts for target levels was higher in 2022 than our historic averages. In the SPX we had 82% accuracy in hitting our 1st level, 64% in hitting the 2nd level and 53% in hitting the 3rd level. These are well above our historic averages. The same was true in the SPY as we had 88% accuracy in hitting our 1st level, 74% in hitting our 2nd level and 59% in hitting our 3rd level. Our accuracy for forecasting the daily level was right in line with our historic averages. These incredibly accurate forecasts are the key to our success each day.
It was a great year for us, and we look forward to 2023 expecting to see even more great trading days ahead!
We wish you and your family a happy New Year. Remember the markets are closed Monday, January 2nd. Normal trading activity will resume on Tuesday, January 3rd. Enjoy your extended weekend!
Below are our comments for each trading day of this week:
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