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2022 SPX put credit spreads trading review – week 47

We have many open SPX trades that, earlier this year, went in a bad direction. These trades are now in the money. I adopted box trades to help fix these trades. A box trade is a strategy that can be used in many ways. It can be used as a bond (when you buy a box, you store your cash and get a fixed “interest,” and you collect it all at the end of the cycle), or you can use it to collect premium that can be used to offset your other trades (when you sell a box). Of course, selling the box itself will not work if you let it expire in the money. For this to work, the box has to be adjusted too. But it can be done later. In the meantime, you collect enough premiums to adjust two to three trades now and adjust the box a few months later too. And that is what I am doing now to unload many of the trades that turned bad. They are fixed and set to expire worthless, releasing buying power and generating profits.

Our trades delivered a $902.00 gain. Our account weekly trading is down by 2.43% while SPX gained 1.53%.

Our SPX account is up +955.08% since the beginning of this program, and we have $38,789 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 $37,982.95. However, due to the recent bear market, many trades are still open, and the funds are tied to those open trades. The trades need to expire or be closed for a profit 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 also trade credit call spreads when we have bearish signals. In a choppy market, we stay away from or trade very short expirations (usually 1 or 2 days or up to 7 days), but the trading is muted as we need a trending market. Unfortunately, today, we do not have a trending market (yes, overall, it is a down-trending market, but for short-term trades, it is choppy and not trending).

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 +955.08% gain last week.

Initial account value (since inception: 12/07/2021): $3,600.00
Last week beginning value: $37,702.95
Last week ending value: $37,982.95 (+2.43%; total: +955.08%)
The highest capital requirements to trade this strategy: $19,995
Current capital at risk: -$12,789
Unrealized Gain: $38,789 (-303.30%)
Realized Gain: -$4,430 (34.64%)
Total Gain: $34,359 (-268.66%)
Win Ratio: 56%
Average Winner: $319
Average Loser: $485


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 that if you wish to subscribe to multiple levels, you can only subscribe to one level and send us an email that you want to be added to other levels.

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 comment in the comments section. Thank you!


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