CCS
CENTURY COMMUNITIES, INC.
stockNYSE

***Happy Friday everyone!*** I'm a 0DTE credit spread trader with a focus on SPX. Positions traded today: * 7765/7745 PCS * 7835/7845 CCS P/L: **+$475** [SPX 5-min chart, October 9, 2026](https://preview.redd.it/62lbiguwviuh1.png?width=1543&format=png&auto=webp&s=51cebc2e4dcc254c61597224cc65e55ed5594bcd) [***Yesterday’s losses***](https://www.reddit.com/r/Daytrading/s/GlYtqp0iXQ) ***didn’t need to be recovered yesterday. They needed another session where my edge had a better opportunity to work.*** # Morning Thesis I came in mixed, but slightly more bullish. The gap up and rebound in AI stocks following reports clarifying OpenAI’s revenue outlook suggested some recovery from yesterday’s selling. Yields remained elevated, and I stayed cautious on CCS because oil-related headlines can trigger sharp upside moves. The consumer sentiment report didn’t meaningfully change my read either. I wanted price to dictate the day. A break and hold above 7800 interested me for PCS — but if SPX moved lower, I would watch nearby support for a reaction to also support a PCS trade. # My First Trade After the opening dip, SPX chopped higher and reclaimed the opening range. I didn’t chase the initial breakout. I waited for the reaction around 7800, where price was still showing indecision. On the second break higher, I sold **two 7765/7745 PCS at $0.40**. Initial size stayed small because I wasn’t convinced a trend would develop. When price pulled back, I added the remaining **three at $0.75**. Higher lows then gave me more confidence in holding the position and letting price and theta work. I also had structural (\~7790 level) and premium invalidation points for the PCS, so I had a plan if price moved against the thesis. # The Hardest Part Was the Price Action It became a bullish trend day, but a slow, choppy one. SPX often felt like it was moving more sideways than up. Once the higher lows became clearer and price started grinding higher, my bullish thesis strengthened. Low IV and thin premium kept me from adding more PCS. Collecting the same credit can tempt sellers to move closer to [the lava](https://www.reddit.com/u/klipsetrades/s/jBL1ujalhM), leaving less room if price accelerates or premium expands. By midday, I was watching for a push toward 7820 to improve CCS premium above 7845, beyond Tuesday’s high. The steady grind wasn’t giving me the move I wanted though. # The CCS Compromise I generally discourage fighting a trend. When I take countertrend trades, my usual approach is small initial size, good distance, and waiting until around 11:00 AM PT to make a move. I typically look for strikes roughly three times the expected move away. Today, I compromised on my preferred strikes. I opened **one 7835/7845 CCS at $0.10**, below my usual $0.20 minimum. I didn’t want to move even closer just to collect more credit. *Then...* Trump announced Russian diesel supplies. Around that headline, oil dropped and SPX spiked. I added **two more CCS at $0.35** and **two at $0.45**, completing five lots — my maximum size for that side. The spread marked near $0.60 versus my $0.10 starter. That was a reminder of how quickly thin credit can turn into an uncomfortable drawdown. Each addition also increased my exposure while the uptrend continued. I closely monitored the pressure. The late fade helped, and both the PCS and CCS expired worthless. I still consider the initial CCS entry a compromise worth reviewing. # Key Takeaway Today’s gain erased [yesterday’s losses](https://www.reddit.com/r/Daytrading/s/45MBXoc6zr). That was the point I was making about choosing when to stop yesterday. After taking those losses, there was little time left, price was erratic, and I didn’t see a good opportunity to justify another trade. The setups I wanted appeared today, even though I couldn’t have known they would. After a loss, **take a breath**, step back, and assess whether the current session still suits your strategy. Recovery can come in another session with better conditions for your edge. Starting small helped me participate while conviction was limited. Higher lows then supported the hold. Good day overall — and a useful reminder to ***keep recovery off a deadline***. *Hope you all had a safe and green day. See you all next week!*

FUCK YEAH EXERCISE MY CCS DADDY

Appreciate it. Difficult day to manage overall. I was a bit lucky I didn't get double-tapped on both the CCS side and PCS side. Otherwise I would likely been facing a -$1000 or more day. Hope yours was ok if you traded

CCS on GME a month out?