It was a back-and-forth week for us at SPX Option Trader.  We ended this past week with -47% ROI in our SPX weekly option trading, -46% ROI in our SPY weekly option trading and -60% ROM in our SPX Spread Trader. The first down week in our SPX option trading in over 3 months. Not every week is a winner, there are periods of drawn downs as we experienced this past week. Such time periods are never enjoyable, but they are expected. We simply stay consistent in our approach and are confident that better weeks are ahead of us!  This past week we saw the beginning of Tuesday and Thursday expiration for SPY weekly options. This is exciting news as now we will be able to trade options on expiration day each day of the week for the SPY as we have been for the SPX. Trading on expiration day always provides a potential higher return, and so this is great news for us. We’ve seen this be of benefit in SPX trading since they added Tuesday and Thursday expirations this past May. We anticipate the same benefit for SPY traders in the days ahead.  We look forward to another exciting week ahead of us day trading SPX and SPY weekly options.

As a reminder next week is a holiday week, so there will be no trading activity on Thursday or Friday due to the holiday schedule. Below are our comments for each trading day of this week:

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