It was another profitable week for us at SPX Option Trader! We ended this past week with +52% ROI in our SPX weekly option trading +46% ROI in our SPY weekly option trading, and -182% ROM in our SPX Spread Trader. We have seen several days with huge swings in direction. For example this past week we hit the 1st target level in the SPY each day of the week as forecast, but the market reversed direction on us 4 out of those 5 days. That is definitely unusual, an indication of extreme volatility. Historic averages are the opposite of what we saw this past week. We should have seen at least 4 out of the 5 days continue in the forecast direction after hitting the 1st target level. This unusual market activity has certainly impacted our SPX Spread Trader returns. We will be watching this closely in the days ahead and adjust our Spread exit strategy as needed. For the SPX Daily Outlook it is a reminder of the need to watch positions closely and be ready to exit if the market turns. By following our guidelines we were able to achieve a nice weekly profit, despite the volatility. ย We look forward to another great week ahead of us day trading SPX and SPY weekly options. Below are our comments for each trading day of this week:

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