It was a slow and basically flat week for us at SPX Option Trader. We only traded 3 days due to market conditions and the holiday schedule. ย We ended this past week with -13% ROI in our SPX weekly option trading, -15% ROI in our SPY weekly option trading, and -47% ROM in our SPX Spread Trader. ย While this past week was slow, we are encouraged by the accuracy of our daily forecasts for the target levels. Year to date we are seeing +82% accuracy in forecasting the 1st target level in SPX and +89% in the SPY. For the 2nd target level, we have +64% in SPX and +75% in SPY. For 3rd target level, we have +51% in SPX and +57% in SPY. This is much higher than our historical averages. Our daily level forecast accuracy rates have been slightly under our historical averages with the SPX and SPY at 51%. This highlights the need to watch positions closely and act accordingly during the trading day. Because over these past few months we are often seeing our target levels hit, and then the market reverses before end of day. This is why the target levels are so important to our trading and using the information we provide in the SPX Daily Outlook is the secret to our success. We look forward to more exciting days of trading ahead of us! ย Below are our comments for each trading day of this week:

As a reminder, the markets will be closed tomorrow Friday, April 15th for Good Friday. Enjoy the extended weekend as normal trading will resume on Monday April 18th.

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