It was another slow but profitable week for us at SPX Option Trader. We ended this past week +41% ROI in our SPX weekly option trading, +36% ROI in our SPY weekly option trading, and -12% ROM in our SPX Spread Trader.  We only had 2 trading days this week in the SPX Daily Outlook due to market conditions. These are difficult days for day trading with extremely high price of options. As we’ve said many times, we don’t trade when option prices are too high. This is simply because the potential reward is just not large enough to justify the risk. It is just as important to know when to trade as when not to trade. This volatility will eventually settle down and we will be able to trade more days as we have in the past. Below are our comments for each trading day of this week:

 

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