The shortened trading week, combined with extremely high option prices, led to limited trading opportunities this past week. As a result, there were no trades in either the Daily Outlook or Aggressive Trader strategies. We closed the week with a -4% ROI in the Late Day Trader and a -40% ROM in the SPX Spread Trader.
Over the past three weeks, extremely high option prices have significantly limited our ability to day trade SPX options as we normally would. While this might be frustrating for some traders, it’s important to understand that this isn’t a cause for concern—it’s simply part of a smart, risk-managed approach to trading. When option premiums are unusually high, the risk-to-reward ratio becomes less favorable. Larger price movements are required just to realize small gains, while even minor pullbacks can lead to large losses. In these conditions, it’s often wiser to stay on the sidelines rather than force trades that don’t meet our criteria.
We’ve seen this kind of market behavior before. Back in March 2020, we went five weeks without trades in any strategy except for the SPX Spread Trader. These pauses are part of what seasoned traders understand as the natural ebb and flow of the market. Each trading day brings new opportunities, and we remain ready to act when conditions become more favorable. Patience and discipline are key to long-term success in day trading SPX options.
Reminder: The stock market will be closed on Friday, April 18th in observance of Good Friday.
4/14/2025
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 -45% ROM. Just didn’t go our way today, so we shake it off and look forward to what tomorrow will bring!
Late Day Trader
Due to market conditions, there was no trade for us today.
4/15/2025
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 -3% ROM. Just didn’t go our way today, so we shake it off and look forward to what tomorrow will bring!
Late Day Trader
Just before 3:15 p.m. we entered a call option trade. The market went our way briefly but then started to reverse as it neared the daily target level of 5411. Just after 3:20 p.m. we came back to break even on our option position, but then it started to reverse very quickly. That fast reversal was concerning and so we exited our trade for -4%. Given the volatility of the day, and the inability to break through the daily target level, we weren’t willing to risk any further at this point. The good news is that the option prices were back down in a range for us to trade the late day strategy finally! Basically, a flat day and we look forward to what tomorrow will bring!
4/16/2025
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 +3% ROM. The reversal early in the morning took us out. Basically, a flat day and we look forward to what tomorrow will bring!
Late Day Trader
Due to market conditions, there was no trade for us today.
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 +6% ROM. We look forward to what next week will bring!
Late Day Trader
Due to market conditions, there was no trade for us today.