It was another profitable week for us at SPX Option Trader! We ended this past week with +15% ROI in our SPX weekly option trading, +9% ROI in our SPY weekly option trading and +30% ROM in our SPX Spread Trader. This past week we had 100% accuracy in forecasting 1st target level in the SPY. Each day we approach the market fresh, looking to minimize our down trades and maximize our profitable trades. There are days where we exit and the market keeps running in our forecast direction. If a trader would have held the position longer greater profit was possible. We saw several of those this past week. However, there are also days where we exit at a small loss, and it has protected us from greater downside. We saw an example of this on Tuesday. Each trader must know their own risk tolerances. We approach the market seeking to minimize our losses as much as possible. However, if you happen to be one who is more comfortable with higher risk, often there can be greater rewards. We look forward to another exciting week ahead of us day trading SPX and SPY weekly options. Below are our comments for each day of this past week:
This content is for members only.