It was basically a flat week for us at SPX Option Trader.  We ended this past week with -9% ROI in our SPX weekly option trading, -1% ROI in our SPY weekly option trading and -8% ROM in our SPX Spread Trader.  We only traded 4 days this week due to market conditions and all of those 4 days were High Volatility Trades. It was a very volatile week in the financial markets, and that was reflected in our trading experience. We saw the price of options a bit higher than we’ve come to expect over this past year and some huge market moves. We would expect the volatility to continue in the near future. But this volatility is nothing to be concerned about.

The key to our overall success in day trading is by having a reliable tool for forecasting market direction and staying consistent in our trading strategy. As Day Traders, we are not concerned with long term market direction, simply the movement for the day. This is a huge advantage in times of market turmoil. The increased volatility can make trading more challenging, but this increased challenge can also provide incredible opportunities for profit. We are confident of our continued success by using the SPX Daily Outlook each day.  Below are our comments for each trading day of this week:

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