It was another profitable week for us at SPX Option Trader!  We ended this past week with +68% ROI in our SPX Daily Outlook, +69% ROI in our SPY Daily Outlook,  +51% ROI in our SPX Aggressive trader, +50% ROI in our SPY Aggressive trader, -11% ROI in our Late Day Trader and +145% ROM in our SPX Spread Trader. It was a good week for us! After several weeks without trades in the Daily Outlook, market conditions finally aligned in our favor. We never force trades—our approach is disciplined and focused on high-probability setups.

Over the past month, extreme market volatility has driven option prices unusually high, making trades too risky for our standards on most days. When options are overpriced, the risk-to-reward ratio just isn’t favorable. One of the key traits of a successful trader is knowing when to act—and when to stay on the sidelines. That’s why we only traded one day in the Daily Outlook last week.

However, our SPX Spread Trader strategy performed exceptionally well. With this strategy, high option prices don’t have a negative impact on the risk to reward ratio. Thanks to our consistently accurate forecasts, we were able to trade almost every day using the Spread Trader—and we booked strong profits. This highlights the benefit of having multiple trading strategies. No matter what the market throws at us, we’re positioned to find opportunities. If you haven’t explored our SPX Spread Trader yet, we highly recommend checking it out.

Below, you’ll find our daily commentary from the past week. We’re excited for another week of SPX and SPY 0DTE trading ahead!

4/21/2025

Daily Outlook

Due to market conditions, there was no trade for us today.

Aggressive Trader

Due to market conditions, there was no trade for us today.

Spread Trader

We held our SPX Spread Trader position to the close for +44% ROM.   Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

Just after 2:50 p.m. we entered a put option trade. The market went our way briefly but then started to reverse. Given the volatility of the day, we weren’t willing to risk too much. As it continued to rally, we exited our position at 3 p.m. for -30%.  It didn’t go our way today, but we look forward to what tomorrow will bring!

4/22/2025

Daily Outlook

We forecast an up day in the market and entered our positions at 9:35 a.m.  Today was a “High Volatility Trade” which means the trade is higher risk and we use our adjusted guidelines as discussed on the website. As the market ran in our forecast direction rather quickly, we adjusted our trailing stop. As we hit over 50% we started using about a 10% trailing stop. There was a fast pullback and as it did, we exited our positions just after 9:45 a.m. for +68% in SPX and +69% in SPY. Another profitable day and we look forward to what tomorrow will bring!

Aggressive Trader

We forecast an up day in the market and entered our positions at 9:35 a.m.  We exited our positions just after 9:50 a.m. for +51% in SPX +50% in SPY. Another profitable day and we look forward to what tomorrow will bring!

Spread Trader

We exited our SPX Spread Trade early for a return +27% ROM.   Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

Due to market conditions, there was no trade for us today.

4/23/2025

Daily Outlook

Due to market conditions, there was no trade for us today.

Aggressive Trader

Due to market conditions, there was no trade for us today.

Spread Trader

Due to market conditions, there was no trade for us today.

Late Day Trader

After 3 p.m. we entered a put option trade. The market went our way briefly as we hit over +40% and then it started to bounce. As came back to break even we exited our position just after 3:10 p.m. for 0%. Given that reversal and the time of day, we weren’t willing to risk any further at this point. So, a flat day and we look forward to what tomorrow will bring!

4/24/2025

Daily Outlook

Due to market conditions, there was no trade for us today.

Aggressive Trader

Due to market conditions, there was no trade for us today.

Spread Trader

We held our SPX Spread Trader position to the close for +52% ROM.  Another profitable day and we look forward to what tomorrow will bring!

Late Day Trader

Due to market conditions, there was no trade for us today.

4/25/2025

Daily Outlook

Due to market conditions, there was no trade for us today.

Aggressive Trader

Due to market conditions, there was no trade for us today.

Spread Trader

We exited our SPX Spread Trade early for a return +22% ROM.  Another profitable day and we look forward to what next week will bring!

Late Day Trader

Just after 2:20 p.m. we entered a call option trade. The market went our way quickly as we hit over +40% and then it started to stall. Given the volatility of the day, we started using about a 20% trailing stop, and as it pulled back we exited our position just after 2:25 p.m. for +19%.  Another profitable day and we look forward to what next week will bring!