It was a very slow week for us at SPX Option Trader. Due to volatile market conditions and the FOMC meeting we only had one trading day this past week in our SPX Daily Outlook. Unfortunately, that single trade was a down day. So, we ended this past week with -44% ROI in our SPX weekly option trading, and -41% ROI in our SPY weekly option trading, -113% ROI in our SPX Binary Trader, and 0% ROM in our SPX Spread Trader. Our first down week in SPX option trading since July. We’ve not seen such lack of trading in a week since last November. Such weeks are unusual, but they do happen. It is just as important in trading to know when to trade as it is when to sit on the sidelines. When options are expensive, when there are huge gaps, those are times when trading is even more risky than normal. We still provide our forecast each day, for those who want to take the risk and trade. But on such high-risk days we would rather sit on the sidelines and wait for a better opportunity. We look forward to what next week will bring for us! Below are our comments for each day of this past week:This content is for members only.
Week in Review 9/20/2021-9/24/2021