It was another profitable week for us at SPX Option Trader! We ended this past week with +68% ROI in our SPX weekly option trading, +58% ROI in our SPY weekly option trading and +80% ROM in our SPX Spread Trader. Once again, we only traded 4 days this past week due to volatile market conditions. We would expect continued volatility with the FOMC meeting scheduled for next week. While volatility can certainly cause problems for longer term investors, it is no hinderance for us. As we use the information provided in the SPX Daily Outlook each day, we are able to day trade successfully. Day Traders have a huge advantage in such markets, because large intraday swings result in potential large daily profits. So, no matter what the Fed does or doesn’t do, we will continue to trade these markets with success. We look forward to another profitable week ahead of us day trading SPX and SPY weekly options! Below are our comments for each trading day of this week:

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