It was a choppy week for us at SPX Option Trader. We only traded 4 days due to the FOMC meeting announcement. We ended this past week with -31% ROI in our SPX weekly option trading, -31% ROI in our SPY weekly option trading, -176% ROI in our SPX Aggressive Trader, -163% ROI in our SPY Aggressive Trader and -81% ROM in our SPX Spread Trader. Of course, no one likes a down week, but they happen. There are times where things just don’t go our way and we accept that is part of trading. The key to weathering drawdowns is to ensure you have confidence in your strategy and aren’t trading too large a lot size. We know that as we stay consistent in our approach, trading a lot size we are comfortable with, that we achieve success over the long term. So down weeks don’t discourage or concern us, we just keep trading. We approach each day fresh using the information provided in the SPX Daily Outlook and look forward to better days ahead!! We look forward to another exciting week, day trading SPX and SPY weekly options. Below are our comments for each day of this past week:
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