It was another profitable month for us at SPX Option Trader! We ended the month of April with +60% ROI in our SPX Daily Outlook, +61% ROI in our SPY Daily Outlook, +7% ROI in our SPX Aggressive trader, +7% ROI in our SPY Aggressive trader, -13% ROI in our Late Day Trader and +57% ROM in our SPX Spread Trader. It was an unusual month, with only three days of trading in our Daily Outlook due to the extremely high price of options and volatility in the market.
When option prices are excessively high, day trading SPX and SPY options becomes too risky. High premiums increase entry costs, making it harder to achieve an acceptable risk-to-reward ratio. That is why we don’t force a trade when the options are too expensive. Our focus is on long-term success and consistent overall returns—not on trading every single day. Still, we continue to publish our Daily Market Forecast for those who choose to trade regardless of pricing. Our forecasts remain highly accurate, consistently highlighting market direction and key support/resistance levels.
We ended this past week with +5% ROI in our SPX Daily Outlook, +3% ROI in our SPY Daily Outlook, -62% ROI in our SPX Aggressive trader, -63% ROI in our SPY Aggressive trader, -19% ROI in our Late Day Trader and -10% ROM in our SPX Spread Trader. This past week, we traded 4 out of 5 days in the Daily Outlook, even though all four were classified as High Volatility trades. The good news is that SPX and SPY option prices are beginning to settle into a more favorable risk-to-reward range—a trend we hope continues in the coming weeks.
Regardless of market conditions, our long-term success depends on staying disciplined and consistently following the insights provided in our Daily Outlook. Below, you’ll find our daily commentary from the past week. We’re looking forward to another exciting week of SPX and SPY 0DTE option trading!
4/28/2025
Daily Outlook
We forecast an up day in the market and entered our positions just before 9:35 a.m. Today was a “High Volatility Trade” which means the trade is higher risk and we use our adjusted guidelines as discussed on the website. As the market ran in our forecast direction rather quickly, we adjusted our trailing stop. As we hit nearly 20% we started using about a 15% trailing stop. There was a fast pullback and as it did, we exited our positions just before 9:50 a.m. for +6% in SPX and +4% in SPY. A small but profitable day and we look forward to what tomorrow will bring!
Aggressive Trader
We forecast an up day in the market and entered our positions just before 9:35 a.m. We exited our positions just before 9:50 a.m. for -5% in SPX -7% in SPY. A small drawdown, so we shake it off and look forward to what tomorrow will bring!
Spread Trader
We exited our SPX Spread Trade early for a return -4% ROM. A small drawdown, so we shake it off and look forward to what tomorrow will bring!
Late Day Trader
Just before 2:50 p.m. we entered a call option trade. The market went our way and as we hit +70% we started using about a 20% trailing stop. Given the volatility of the day, we weren’t willing to risk any further at this point. As it pulled back, we exited our position just after 3:10 p.m. for +51%. Another profitable day and we look forward to what tomorrow will bring!
4/29/2025
Daily Outlook
We forecast a down day in the market and entered our positions at 9:35 a.m. Today was a “High Volatility Trade” which means the trade is higher risk and we use our adjusted guidelines as discussed on the website. We were watching the possible support levels of 5517 in SPX and 550 in SPY as our possible stop levels. As the market rallied through those levels we exited our position at 9:40 a.m. for -13% in SPX and -12% in SPY. A small drawdown, so we shake it off and look forward to what tomorrow will bring!
Aggressive Trader
We forecast a down day in the market and entered our positions at 9:35 a.m. We exited our positions just before 9:50 a.m. for -38% in SPX -36% in SPY. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring!
Spread Trader
We held our SPX Spread Trader position to the close for -48% ROM Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring!
Late Day Trader
Just after 2:50 p.m. we entered a put option trade. The market only briefly went our way and then went flat near the 5560 level. We were watching it closely and as it started to bounce quickly we exited our position just before 3:10 p.m. for -49%. The fast bounce off that level was concerning, and why we weren’t willing to risk any further. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring!
4/30/2025
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 +2% ROM. 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.
5/1/2025
Daily Outlook
We forecast an up day in the market and entered our positions just after 9:35 a.m. Today was a “High Volatility Trade” which means the trade is higher risk and we use our adjusted guidelines as discussed on the website. As the market went in our forecast direction, we adjusted our trailing stop and as we hit over +40% we started using about a 20% trailing stop. As the market started to pull back, we exited our position just before 9:55 a.m. for +25% in SPX and +22% in SPY. Another profitable day and we look forward to what tomorrow will bring!
Aggressive Trader
We forecast an up day in the market and entered our positions just after 9:35 a.m. We exited our positions just after 9:55 a.m. for +4% in SPX +3% in SPY. Basically, a flat day and we look forward to what tomorrow will bring!
Spread Trader
We exited our SPX Spread Trade early for a return +8% ROM. Another profitable day and we look forward to what tomorrow will bring!
Late Day Trader
Just after 2:15 p.m. we entered a call option trade. The market only briefly went our way then started to pull back. We started using about a 40% trailing stop and as it pulled back we exited our position just after 2:20 p.m. for -20%. Just didn’t go our way, so we shake it off and look forward to what tomorrow will bring!
5/2/2025
Daily Outlook
We forecast an up day in the market and entered our positions before 9:35 a.m. Today was a “High Volatility Trade” which means the trade is higher risk and we use our adjusted guidelines as discussed on the website. Today was an extremely fast trade. We were watching the daily target levels in both SPX and SPY as our stop level. As the market pulled back through those levels exited our position just after 9:55 a.m. for -13% in SPX and -11% in SPY. We weren’t willing to risk any further given the volatility of the day. So, a small drawdown and we look forward to what next week will bring!
Aggressive Trader
We forecast an up day in the market and entered our positions before 9:35 a.m. We exited our positions just after 9:45 a.m. for -23% in SPX -23% in SPY. Just didn’t go our way, so we shake it off and look forward to what next week will bring!
Spread Trader
We held our SPX Spread Trader position to the close for +32% ROM. Another profitable day and we look forward to what next week will bring!
Late Day Trader
Due to market conditions, there was no trade for us today.