Week in Review 5/1/2023-5/5/2023

It was another profitable week for us at SPX Option Trader! We ended this past week with +117% ROI in our SPX weekly option trading, +128% ROI in our SPY weekly option trading and +72% ROM in our SPX Spread Trader.  We only traded 4 days this past week due to the FOMC meeting. It was nice to have profitable week after a few weeks of treading water. This is why we stay consistent in our approach! We had a few days this week where we entered the trade before 9:35 a.m.  There are times in fast moving markets where we will enter early. If you are unfamiliar with our entry strategy, please be sure and read this article.   It was a great start to the month, and we look forward to another exciting week ahead day trading SPX and SPY weekly options. Below are our comments for each day of this past week:

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