It was a choppy week for us at SPX Option Trader. This past week saw incredibly tight trading ranges between the open and closing price. All 5 days this past week were less than .42 between the open and closing price on the SPY. Prior to this week, in the last year, there were only 27 days with this tight of range, rarely 2 of those days occurring in a single week! It is clear to see how this week’s tight range is highly unusual, with every day being so tight. Tight range days are tough to trade for us, as we need movement for profitable trades in the options. That difficulty was reflected in our performance for this past week.
We ended the week with -73% ROI in our SPX weekly option trading, and -103% ROI in our SPY weekly option trading, +170% ROI in our SPX Binary Trader and +45% ROM in our SPX Spread Trader. We ended the month of April with -90% ROI in our SPX weekly option trading, and -161% ROI in our SPY weekly option trading, +145% ROI in our SPX Binary Trader and -27% ROM in our SPX Spread Trader. We have been at historic levels over the past few weeks, and that always makes trading difficult. We know from past experience that these sorts of days don’t last forever. So, we stay consistent in our approach confident that we’ll see some big winners ahead of us. Below are our trading comments for each day of the week:
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