It was a back and forth week for us at SPX Option Trader. We had a few up days and a few down days, we ended the week with -46% ROI in our SPX weekly option trading and -59% ROI in our SPY weekly option trading. Tight range trading days are difficult for day trading options, and this week there were several very tight range days. We would expect the market to start having some larger move days in the weeks ahead and we’ll be ready when they come. As always, the key to our approach is to stay consistent in using the information provided each day in the SPX Daily Outlook. Below are our comments for each day of the week:

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