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2022 SPX put credit spreads trading review – week 38-39

I didn’t have much time to report a trading a week ago as I was traveling. Fortunately, I could manage the trades. When preparing today’s report on our SPX trading, I was surprised to see that I had made money. We delivered enough credit to eventually offset other trades. We will be working on that to reduce our trades. We have too many box trades now.

Our trades delivered a $3,597.00 gain last week. That brought our account up by +10.83% while SPX lost -7.43%.

Our SPX account is up +922.89% since the beginning of this program, and we have $36,823.95 in unrealized gains.


Initial SPX trade set ups


I dedicated a $3,600 initial amount that will be used to trade SPX PCS strategy per week. Today, the account is up at $36,823.95. However, due to the recent bear market, many trades are still tight to open trades which need to expire to release the funds.

Our SPX strategy is designed as directional options trading. We are selling credit put spreads to collect premiums, and hopefully, these spreads expire worthlessly, or we repurchase them for a small debit.

We use a set of indicators (primarily based on moving averages and volume profiles) and market sentiment that generates bullish signals. The trading is based on a “trend following strategy.” We open the trade if we have a bullish signal and a bullish trend. If we do not have a signal, we stay away.

We set the set of rules and alerts and backtested them. The backtesting software proved that the strategy was viable and returned good gains. We also tried to automate the decision-making as much as possible to have the trading as mechanical as possible. This helps eliminate our emotions. The decision-making was reduced to: “bullish signal present” – open a trade, “not present” – stay away. It worked well.

Here you can see all our trades:

SPX PCS account value
Click on the picture above to see the entire list.

Last week trading


Overall, the strategy resulted in a +922.89% gain last week.

Initial account value (since inception: 12/07/2021): $3,600.00
Last week beginning value: $33,226.95
Last week ending value: $36,823.95 (+10.83%; total: +922.89%)
The highest capital requirements to trade this strategy: $19,995
Current capital at risk: -$12,312
Unrealized Gain: $41,312 (-335.54%)
Realized Gain: -$8,102 (65.81%)
Total Gain: $33,210 (-269.74%)
Win Ratio: 56%
Average Winner: $324
Average Loser: $512


SPX PCS account value
SPX PCS account value

SPX PCS account vs SPX
SPX PCS account vs SPX index net liq

SPX PCS account vs SPX
SPX PCS account vs SPX index

If you want to receive trade alerts whenever we open a new SPX put credit spread or a hedge trade, you can subscribe to our service:




Note, if you wish to subscribe to multiple levels, you can do so by subscribing to one level only and then sending us an email that you want to be added to other levels too.

Also, if you like this report, hit the like button so I know there is enough audience wanting to see this type of report. If you have any questions or want to see anything else about my SPX trading, do not hesitate to contact me or write a comment in the comments section. Thank you!


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