It was another profitable week for us at SPX Option Trader!  We ended this past week with +41% ROI in our SPX weekly option trading, +34% ROI in our SPY weekly option trading and -47% ROM in our SPX Spread Trader. When the market runs further in our direction after we exit, we are often asked why we didn’t hold it longer. When the market runs against us as we are holding a position, we are often asked why we didn’t exit sooner. Such questions are natural, because each trader is seeking to always exit at the maximum profit and exit before incurring a loss. But the reality of trading is that we have no guarantees as to where the market will go.

We have our forecasts as provided in the SPX Daily Outlook, and they are incredibly accurate. But they are simply a guideline, not a guarantee. So, each trader must do the best they can in real time seeking to maximize profits and minimize losses. If we exit, it is because our guidelines tell us that it is better to exit. If we hold, it is because our guidelines tell us that we should hold. These guidelines work the majority of the time, but not every time. Our goal is simply to stay consistent in our approach each day, using the same approach that has consistently brought us profits year after year. As we do that, we are successful. We look forward to another exciting week ahead, day trading SPX and SPY weekly options.  Below are our comments for each trading day of this week:

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