It was another profitable week and month for us at SPX Option Trader! We ended the month of July with +149% ROI in our SPX Daily Outlook trading, +149% ROI in our SPY Daily Outlook trading, +159% ROI in our SPX Aggressive Trader, +170% ROI in our SPY Aggressive Trader, +206% ROM in our SPX Spread Trader. A profitable month across the board in all our strategies. We ended this past week with +57% ROI in our SPX Daily Outlook trading, +48% ROI in our SPY Daily Outlook trading, -1% ROI in our SPX Aggressive Trader, +10% ROI in our SPY Aggressive Trader, +43% ROM in our SPX Spread Trader and +273% in our SPX Late Day Trader.
We launched our SPX Late Day Trader on August 1st and started the month with a very nice +176% trade. If you aren’t familiar with this new strategy, be sure and check it out before next week’s trading session.
We’ve seen some extremely volatile swings in the market this past week. Another reminder of why day traders have an advantage over long term investors. We aren’t concerned when we wake up and see a huge gap down in the market. Overnight moves have no impact on our portfolio balance. It doesn’t matter which way the market moves, as long as we are on the right side of the move on that specific day. This is why the SPX Daily Outlook is crucial to our success as day traders. Once again, we had 100% accuracy in forecasting the 1st target level in the SPY each day of this past week. We look forward to another exciting week ahead of us day trading SPX and SPY 0DTE options. Below are our comments for each trading day of this past week.
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