We ended July with +80% ROI in SPX Daily Outlook, +71% ROI in SPY Daily Outlook, +63% ROI in SPX Aggressive Trader, +44% ROI in SPY Aggressive Trader, +33% ROI in Late Day Trader, and +31% ROM in SPX Spread Trader. All strategies finished profitable for the month.
This is a good time to discuss average performance and why it is important to keep results in perspective. Some traders focus heavily on averages and can become disappointed when a month finishes below average, or overly excited when a month finishes well above average. But averages are built from a range of results. They include stronger months, smaller months, flat periods, and occasional losing stretches.
Over the past 12 months, the SPX Daily Outlook has averaged +156% ROI per month. Last month, we finished with +377% ROI in SPX Daily Outlook. This month, we finished with +80% ROI. Both were profitable months, but they were very different outcomes. That is normal. Trading results do not come in a straight line, and no strategy produces the same result every month.
The key is consistency. Long-term success does not come from reacting emotionally to one month, whether the result is higher or lower than average. It comes from following the same process through different market conditions, managing risk properly, and allowing the results to play out over time.
Some months will produce very strong gains. Other months will produce more modest gains. There will also be months where conditions are more difficult. What matters is that the strategy remains sound and that we continue to apply it with discipline. Our focus is not on trying to force a specific monthly result. Our focus is on taking the trades that fit our process and avoiding trades that do not.
That approach has guided SPX Option Trader since 2016. We do not measure success by one trade, one week, or one month. We measure it over time. July was another profitable month across all strategies, and it is another reminder that consistency, patience, and discipline are what drive long-term results.
We look forward to the week ahead as we continue trading SPX and SPY 0DTE options. The daily entries below are presented as a trade log showing the trading activity for each strategy. Times are referenced to the nearest 5-minute interval.
Real-time trade alerts include entry limits, profit targets, stop levels, and intraday updates as trades develop. Full trade details are available to members only.
7/27/2026
Daily Outlook
We forecast an up day and entered our positions just before 9:35 a.m. We exited just before 9:40 a.m. for +46% in SPX and +46% in SPY.
Aggressive Trader
We entered our positions just before 9:35 a.m. We exited at 9:40 a.m. for +13% in SPX and +8% in SPY.
Spread Trader
We exited early for +4% ROM.
Late Day Trader
No trade due to market conditions.
7/28/2026
Daily Outlook
We forecast a down day and entered our positions before 9:35 a.m. We exited at 9:35 a.m. for -18% in SPX and -15% in SPY.
Aggressive Trader
We entered our positions just before 9:35 a.m. We exited just before 9:50 a.m. for +50% in SPX and +49% in SPY.
Spread Trader
We exited early for +2% ROM.
Late Day Trader
No trade due to market conditions.
7/29/2026
No trade today in any strategy due to FOMC meeting.
7/30/2026
Daily Outlook
We forecast an up day and entered our positions just after 9:35 a.m. We exited just after 9:45 a.m. for +45% in SPX and +38% in SPY.
Aggressive Trader
We entered our positions just after 9:35 a.m. We exited just after 9:50 a.m. for +61% in SPX and +51% in SPY.
Spread Trader
We exited early for +6% ROM.
Late Day Trader
No trade due to market conditions.
7/31/2026
Daily Outlook
We forecast an up day and entered our positions just before 9:35 a.m. We exited just before 9:40 a.m. for +1% in SPX and +2% in SPY.
Aggressive Trader
We entered our positions just before 9:35 a.m. We exited just before 9:40 a.m. for -17% in SPX and -17% in SPY.
Spread Trader
We exited early for -6% ROM.
Late Day Trader
No trade due to market conditions.