Week in Review 4/20/2020-4/24/2020

It was a choppy week of trading for us at SPX Option Trader. We ended the week with +139% ROM in our SPX Spread Trader and +176% ROI in our SPX Binary Trader. At the same time, we ended the week -134% ROI in SPY weekly option trading and -175% in SPX weekly option trading. Our forecasts for market direction have consistently been accurate, but we were taken out of several trades this week at a loss in our SPX and SPY option trades. Draw-downs are never enjoyable, but they are part of trading. This is our first draw-down for the week in SPX and SPY weekly option trading since January 10^th ( including 5 weeks of no trades). So, we shake it off and look forward to what will come next week. We saw the option prices continue to come back down to a more normal level this week, which is encouraging. Below are our comments for each trading day of the week.

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SPXOptionTrader2020-05-07T15:34:37-05:00

SPX Option Trader

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