CCS
CENTURY COMMUNITIES, INC.
stock NYSE

Yeah, those are around the levels I would’ve sold too. I’ve just been cautious with CCS lately because of the Iran/peace-talk headlines. If both sides offer a valid setup, I’m fine sticking to PCS to avoid getting caught in another sudden upside spike for now

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7670/7650 PCS
* 7680/7660 PCS
* 7725/7740 CCS
* 7745/7765 CCS
* 7760/7780 CCS
P/L: **+$345**
[SPX 5-min chart, September 30, 2026](https://preview.redd.it/0un7ouy0assh1.png?width=1542&format=png&auto=webp&s=3e9e6df23a37332dd504d9569d3ee6c58a45f0d4)
***The best trade today probably would’ve been no trade. I traded anyway, and the most useful lesson came from how I lost.***
# Morning Thesis
Softer inflation gave me a slight bullish lean, but elevated oil and yields kept my overall bias mixed. I wanted SPX to show its direction first, and the reclaim of 7700 supported my initial PCS entry.
# My First Trade
I sold **five 7670/7650 PCS spreads at $1.50**, targeting $0.40, then **added one at $1.00**.
Personal obligations pulled me away from my desk. I set tighter stops at $1.70 and $1.60, which hit as SPX pulled back toward 7700. Those exits cost $100 and $60, respectively.
A **five-lot reentry at $1.20** later closed at my tighter $0.80 target, **recovering $200**.
# Circuit Breakers
This was the theme of the day: ***decide where I wanted out before stepping away.***
I used tight loss stops on some positions and profit-protecting stops on trades that moved quickly in my favor. I call the latter a “push” stop — essentially moving the stop toward breakeven or a small profit while giving the position a chance to keep working.
The 7760/7780 CCS was my example. After rejection near 7720, I sold **five spreads at $0.65**. Once they moved into profit, I **set a buyback stop at $0.55**. The continued reversal I wanted never developed. The stop hit, and I walked away with a **$50 gain**.
My intended outcomes were continued profit or an exit near breakeven or slightly ahead. The actual fill can still slip, so that plan carries execution risk. But having those orders in place reduced my stress while I was away. I had already decided when I wanted to exit instead of leaving every decision dependent on checking my phone.
# Following the Lower Highs
As a range formed, I opened a **one-lot iron condor using 7680/7660 PCS and 7745/7765 CCS**, with tighter stops than usual. The PCS side **stopped out at $2.05** against a $1.10 entry, **costing me $95**.
Lower highs then shifted my read bearish. I sold **four 7725/7740 CCS spreads at $0.60** and added **one at $1.05**, with a $1.50 stop and $0.15 target.
The remaining **condor call spread closed at $0.05**, and all **five final call spreads closed at $0.15**. I was flat before power hour and the late breakdown.
# Key Takeaway
Today, ***I lost well***.
**Three losing trades cost $255**, and the winning trades still left the day green.
Taking manageable losses is a major part of protecting an account. Mechanical stops helped me follow my exit plan while my attention was elsewhere.
The process improvement is straightforward — my trading activity needs to match my availability. Tighter circuit breakers helped today. Fewer trades — or sitting out — would have better matched the time I had.

Interesting, I sold 7720 and 7705 short CCS. Based on that drop from 7680s to 7650s, didn’t feel comfortable with PCS.

I’m mainly looking for rejection and signs of exhaustion. The bounce off the morning lows made me think the day’s low was likely in with about an hour left.
For the CCS, I wanted its own setup — the rally stalled, rejected higher prices, and started consolidating. There was still enough premium to make that trade worthwhile, so I added it. Without that upper rejection, I’d just let the PCS ride

True we are really getting punished lately. Market underesstimates their acerage and market leading CCS tech.

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7650/7630 PCS
P/L: **+$115**
[SPX 5-min chart, September 28, 2026](https://preview.redd.it/x7s4ej1jtdsh1.png?width=1541&format=png&auto=webp&s=c659833f0d91d75e0472b7e161af6283dde97e59)
***The bearish backdrop was clear. The speed of the upside reversals was the risk that mattered.***
# Morning Thesis
I wasn’t at my desk for the open. After a busy stretch outside trading, I chose sleep over forcing my usual morning routine. I might miss morning opportunities, but in this case today, it might have actually saved me from some sharp headline moves.
Looking back, elevated oil and yields, followed by SPX breaking below 7700 and the prior day’s low, could have supported a CCS thesis. But I’ve also grown cautious with call spreads in this environment as of late. I can’t say I would have taken one even if I’d been watching.
We've had three days in the last week very similar to today. SPX makes a downward push in the morning, then headlines rocket it back up. I was caught in a [CCS trade last week](https://www.reddit.com/r/Daytrading/s/GTyJCjnet5) where one of these headlines hit and stopped me out.
SPX first sold off to 7666.6, reversed sharply above 7700, and made another fast push toward the morning high. Both rallies faded. Price later chopped around 7700 before slipping below it and the prior day’s low again, while holding above the morning low.
# My First Trade
After those reversals, I believed the morning low was likely in. I sold the **7650/7630 PCS** during consolidation, adding on 5-minute downticks — **three at $0.20**, **one at $0.25**, and **one at $0.30**. I held the spread through expiration, and that position finished worthless.
# Why I Favored the PCS Side
High oil and yields weigh on equities, but lately I’ve been more concerned about the surprise in the other direction. I’ve seen three sessions ([other one](https://www.reddit.com/r/Daytrading/s/ep6Af56tsN) and [two](https://www.reddit.com/r/Daytrading/s/YpmKZaw2Jc)), including this one, in the past week where SPX sold off and then snapped higher on headlines affecting oil or yields. A morning CCS could have faced pressure during either reversal.
That doesn’t make a PCS automatically safe. I waited until I thought SPX had found a low, and I kept size at less-than-half even though I felt confident. Focusing on the PCS side means fewer opportunities and a lower potential daily return. I’m comfortable with that while these conditions persist.
# Key Takeaway
Morning is my favorite time of day to enter, but I don’t have to trade it always, and I don’t have to trade both sides.
Rest, smaller size, and fewer setups are reasonable choices when I need to be fully present for the risk I take.
Elevated oil and yields continue to pressure SPX, but a headline can quickly send it the other way. That’s why I’m being more selective about which side I trade. Focusing on PCS may mean fewer setups and less income, but it reduces my exposure to the sudden upside squeezes that have pressured my CCS trades.
I’m comfortable with that trade-off. I ***adapt my strategy*** to the market in front of me.