It was another slow but profitable week for us at SPX Option Trader. We ended this past week +8% ROI in our SPY weekly option trading, -4% ROI in our SPX weekly option trading, and +41% ROM in our SPX Spread Trader. Once again, we only had 3 trading days this week in the SPX Daily Outlook due to the high price of options. We were able to trade all 3 days in the SPX Spread Trader, as normal. We are continuing to see volatile days and higher priced options, which makes trading difficult. Our forecasts continue to be accurate, and we had 100% accuracy in forecasting the 1st target level in both SPX and SPY this past week. So, we remain patient in our approach to trading. When the option prices are too high, the possible reward is just too small for the risk. So, we wait and don’t force any trades. We’ve been through these types of periods before, and it will pass. The prices will eventually come back down. As we stay consistent and use the information provided in the SPX Daily Outlook, we are successful. Below are our comments for each trading day of this week:
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