It was choppy week for us at SPX Option Trader. We ended this past week with -108% ROI in our SPX weekly option trading, -104% ROI in our SPY weekly option trading, +126% ROI in our SPX Binary Trader and +80% ROM in our SPX Spread Trader. So, a good week for spread trades and binary trades, a down week for daily options. We’ve seen several very tight trading ranges days from the open price to the closing price. Such days are often difficult for daily option trading but can be good for our other strategies. We would expect the markets to continue these choppy days in the next few weeks, given the current political situation. Trading around presidential elections can always be difficult, and we would expect to see that in the weeks ahead. No matter what comes, we plan to stay consistent in our trading approach. As we do, we can withstand the drawdowns and benefit from the winning days. Below are our comments for each trading day of this past week.This content is for members only.
Week in Review 10/19/2020-10/23/2020