It was another profitable month and week for us at SPX Option Trader!  We ended the month of November with +229% ROI in our SPX Daily Outlook trading, +265% ROI in our SPY Daily Outlook trading, -255% ROI in our SPX Aggressive Trader, -237% ROI in our SPY Aggressive Trader and +194% ROM in our SPX Spread Trader.  We ended this past week with +16% ROI in our SPX Daily Outlook trading, +6% ROI in our SPY Daily Outlook trading, -174% ROI in our SPX Aggressive Trader, -174% ROI in our SPY Aggressive Trader and -13% ROM in our SPX Spread Trader.

This past month we saw that while nice profit was made in both the Outlook Trader and the Spread Trader, the Aggressive Trader was down. Please remember this is a highly speculative and aggressive way to trade, and we’ve seen large drawdowns in the past. While this past month was a drawdown, we are confident of better days ahead. This approach is not for everyone, and as we have repeatedly warned, you must be able to handle large drawdowns if you plan to implement this approach.

The Aggressive Trader’s returns are dependent upon large moves in the market. These have not been as frequent over the past few months as we experienced earlier in the year. From December 2022 to June 2023 nearly 10% of all trades had the potential of making over 400% gain. From July through November, only 2% of all trades had that potential. This of course has had an impact on the Aggressive Trader. We’ve seen less days that had even the potential for huge single day gains. Now, we believe this is nothing to be concerned about, just the way the market moves. We don’t know how long these smaller days will last. But once we see some larger moves, we would expect to see larger monthly returns in the Aggressive Trader.

We look forward to another exciting month ahead of us day trading SPX and SPY weekly options. Below are our comments for each day of this past week:

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