Not every trade can be a winner, and this one was a dud. Despite a tiny movement in the right direction, the strike selection was too deep in the money, leaving no opportunity to manage or roll the trade.

The trade setup:
✅ $15.25 credit received on a $30 wide broken wing butterfly
❌ Closed at max loss of $30, a -96.7% hit

With no break-even exit or rolling opportunity, the only move was to let it expire and take the loss. That’s trading – you take the wins and the lessons.

What happens when a trade goes underwater, but your analysis stays the same?
Traditional traders take the stop loss and move on, but with option income trading, we have better tools.
A January 16th bearish trade setup collected $3.20 credit but quickly sank as SPX broke out. Instead of taking the loss outright, a new bearish setup on Jan 23rd allowed for a roll-up in strikes while collecting $3.90 in new credit.

The final net result? A 53.2% profit despite the first trade being a loser.
Key takeaway: rolling only works when conviction remains strong—this time, it paid off.

Friday’s trade followed our range analysis, setting up a textbook Range Reversal.

While enjoying a birthday dram, I spotted a V-shaped entry at the range highs and took the trade, collecting $4.00 in premium.
Markets then tumbled into Monday, thanks to the “Tariff Wars,” and the trade was closed at the opening bell for $0.20, bagging a solid profit.

Another SPX Tag ‘n Turn win—whiskey, trades, and a few pennies more!

Last week’s bearish trade setup played out perfectly, thanks to a V-shaped entry, trend line break, and bearish pulse bars.
The straight-line bullish move made waiting for a conservative entry the right call.
With time decay on my side, the trade was well-positioned before the weekend’s “Tariff War” headlines triggered the expected drop.

Initially, I collected $3.00 in premium, and thanks to Monday’s favourable gap, I exited for $0.05, locking in a 98.3% return.

Thursday’s analysis played out as expected – SPX broke the inside-day high, challenged the low, and then drifted into the target zone. The best part?

This was a textbook SPX Income System trade where a small $12 move was enough to trigger a target exit.
Collected $3.00 in credit, bought back for $0.30, and walked away with a smooth 90% return – all while I was off celebrating my birthday.

No babysitting. No stress. Maybe just a sneaky glance at my phone.

This SPX Income trade followed a classic “Tag ‘n Turn” setup, though the entry was a tad early.
Despite price pushing past the hedge trigger, I held my ground due to the straight-line rally we had been discussing in our Fast Forward Group Calls.

The bearish move fully triggered on Friday, confirming additional entry points via a V-pattern and trendline break.
With $3.05 collected upfront, a sharp Monday drop helped hit my buy-back exit at $0.30, locking in a 91.4% return.

A well-earned win after a rough January!