CCS
CENTURY COMMUNITIES, INC.
stock NYSE

***Happy Friday everyone!***
I'm a 0DTE credit spread trader with a focus on SPX.
* 7690/7670 PCS
* 7760/7780 CCS
P/L: **+$165**
[SPX 5-min chart, September, 4 2026](https://preview.redd.it/932e7tcx4lnh1.png?width=1543&format=png&auto=webp&s=15703f61ade3cfa246ceb727cba3db4656f4ddf7)
***A trade recovering after you exit does not make the exit wrong.***
# Morning Thesis
I came into Friday neutral with a slight bearish lean. The stronger-than-expected jobs report kept a September Fed hike in play, while elevated oil and the geopolitical backdrop added another layer of pressure. I wasn’t committed to predicting a direction, though. I wanted price action to determine which setups I took.
SPX briefly pushed above the prior-day close before rejecting. The first 15 minutes established a roughly 15-point opening range, which price then broke to the downside.
# My First Trade
I didn’t immediately sell the opening-range break. The next candle formed a green hammer, which told me buyers were still present and potentially absorbing the pressure.
I waited for a more convincing push below that structure. Around 7:40 a.m. PT, I finally got the confirmation I wanted and opened a **4-lot 7760/7780 CCS for $0.25**. I intentionally started with four contracts so I could scale into a retracement if necessary.
As SPX continued lower, I watched the 7700 psychological level. My plan was to consider a PCS anchor below the 7660 weekly support if price reached and reacted 7700 with enough velocity. That move never developed, and buyers began showing interest before SPX reached the level.
# Building the Iron Condor
Midday, SPX began forming higher lows and breaking through nearby structure. That strengthened a reversal thesis, so I added **two more contracts to the CCS** side while beginning the opposite wing.
I sold **five 7690/7670 PCS contracts for $0.35**, then added **one more for $0.45** during a small retracement. That completed a six-contract, legged-in iron condor.
**My invalidation was kept tight beneath the lows supporting the reversal.**
# Why I Closed the PCS
The PCS side [just didn’t work out](https://www.reddit.com/r/Daytrading/s/4JC9TWhQfU).
SPX initially looked promising, but it rejected the attempted structure break and rolled back over. Once price broke my **stop line** and delivered another candle close below it, I bought back all six PCS contracts for $0.35.
[SPX 5-min chart, September 4, 2026 — Stop level breached](https://preview.redd.it/jpunk4fb6lnh1.png?width=1543&format=png&auto=webp&s=6e4ea39987641247e3b37453031ea28dd98a4401)
***Five contracts closed flat, while the contract entered at $0.45 made $10.***
The important part is that I entered the PCS for a continuation of the reversal. Once that thesis failed, I wasn’t going to keep holding simply because the strikes might still finish safely.
# The Hindsight Trap
There’s always that feeling of, “Man, if I would have just held, I could have made more money.”
By the close, the 7690/7670 PCS would have been fine and produced roughly $220. But that is only one side of the argument.
Around 10:50 a.m., the position I had already closed would have been showing approximately a ***$390 loss*** — ***essentially $400*** — if I had continued holding it. At that point, I was only up barely $100 for the day.
I would have had to sit through that drawdown later in a Friday session with progressively less time available for the position to recover. That is exactly the type of mental state I don’t want hanging over my head, potentially clouding my decisions and allowing emotions to take over.
***This is where credit spread traders can get into trouble:***
*“I’m wrong right now, but it should still be ok.”*
Sometimes it is ok. **Eventually it isn’t** — and with $20-wide credit spreads, the losing side of that habit can be far more damaging than the additional premium you were trying to keep.
# Afternoon Discipline
Approaching power hour, I was only interested in another PCS if SPX broke the session-low structure and produced a five-to-ten-point downside extension, or pushed far enough for an anchor around 7675–7670. Neither setup developed, so I took no additional trades.
SPX eventually found support, slowly ground higher, and chopped into the close. The six CCS contracts expired worthless for $155, while the PCS exits contributed $10, bringing the day to **+$165**.
# Key Takeaway
***An invalidation is not a prediction that price can never recover.*** It marks the point where the specific reason for entering the trade has failed.
If the reason you entered is no longer valid, the reason to remain in the position should become weaker too. Hindsight does not change whether the exit was correct with the information and risk you had at the time.

Sold some 7705 short PCS in the first drop around 11am and then sold some 7730 short CCS after the bounce up 12:30. And then white knuckle all the way until 3:30 to close out. Overall a good day but need to be better at some of the entries

and i thought i was the shit making 1k this week on PCS/CCS and MU calls. enormous balls

8/31 (EXP: 8/31) 7715/7720 CCS (+18k)
9/1 & 9/2 - Busy Jorking it
9/3 (Exp: 9/3) 7740/7735 PCS (+18k)
9/4 (Exp: 9/4) 7820/7825 CCS (+18k)
9/4 (Exp: 9/4) 7665/7660 PCS (+18k)

Not that anybody cares but I've reached my goal of doubling the 500k collateral I'm putting up for these 1000 con trades. 454k to be exact from the July/Aug/Sept posts but there are much smaller safer spreads I was doing with the profits on the side that I didn't include in my previous posts that makes up to the remaining 50k.
Still going to keep trading spreads b/c it's House Money now but I'll stop doing weekly updates and maybe do a single end of month update instead if I decide to post again.
Getting one too many cringy DM's begging for money or asking me to join a discord server.
And yes I know holding that 9/3 PCS to expiry was regarded lol.

I wasn’t really thinking of it as doubling down. I was just taking trades as SPX gave me opportunities within my thesis. Being up $120 didn’t make me think “now I need to make more.”
I sat on my hands through the \~8:30–11:00 PT consolidation because I wanted the CCS above the resistance I had marked. Around 11, SPX finally pushed enough to give me the premium I wanted at those strikes, so I took it. If it had just chopped into close or broken down too late, I wouldn’t have traded that side at all

***Happy Friday everyone!***
I'm a 0DTE credit spread trader with a focus on SPX.
* 7690/7670 PCS
* 7760/7780 CCS
P/L: **+$165**
[SPX 5-min chart, September, 4 2026](https://preview.redd.it/932e7tcx4lnh1.png?width=1543&format=png&auto=webp&s=15703f61ade3cfa246ceb727cba3db4656f4ddf7)
***A trade recovering after you exit does not make the exit wrong.***
# Morning Thesis
I came into Friday neutral with a slight bearish lean. The stronger-than-expected jobs report kept a September Fed hike in play, while elevated oil and the geopolitical backdrop added another layer of pressure. I wasn’t committed to predicting a direction, though. I wanted price action to determine which setups I took.
SPX briefly pushed above the prior-day close before rejecting. The first 15 minutes established a roughly 15-point opening range, which price then broke to the downside.
# My First Trade
I didn’t immediately sell the opening-range break. The next candle formed a green hammer, which told me buyers were still present and potentially absorbing the pressure.
I waited for a more convincing push below that structure. Around 7:40 a.m. PT, I finally got the confirmation I wanted and opened a **4-lot 7760/7780 CCS for $0.25**. I intentionally started with four contracts so I could scale into a retracement if necessary.
As SPX continued lower, I watched the 7700 psychological level. My plan was to consider a PCS anchor below the 7660 weekly support if price reached and reacted 7700 with enough velocity. That move never developed, and buyers began showing interest before SPX reached the level.
# Building the Iron Condor
Midday, SPX began forming higher lows and breaking through nearby structure. That strengthened a reversal thesis, so I added **two more contracts to the CCS** side while beginning the opposite wing.
I sold **five 7690/7670 PCS contracts for $0.35**, then added **one more for $0.45** during a small retracement. That completed a six-contract, legged-in iron condor.
**My invalidation was kept tight beneath the lows supporting the reversal.**
# Why I Closed the PCS
The PCS side [just didn’t work out](https://www.reddit.com/r/Daytrading/s/4JC9TWhQfU).
SPX initially looked promising, but it rejected the attempted structure break and rolled back over. Once price broke my **stop line** and delivered another candle close below it, I bought back all six PCS contracts for $0.35.
[SPX 5-min chart, September 4, 2026 — Stop level breached](https://preview.redd.it/jpunk4fb6lnh1.png?width=1543&format=png&auto=webp&s=6e4ea39987641247e3b37453031ea28dd98a4401)
***Five contracts closed flat, while the contract entered at $0.45 made $10.***
The important part is that I entered the PCS for a continuation of the reversal. Once that thesis failed, I wasn’t going to keep holding simply because the strikes might still finish safely.
# The Hindsight Trap
There’s always that feeling of, “Man, if I would have just held, I could have made more money.”
By the close, the 7690/7670 PCS would have been fine and produced roughly $220. But that is only one side of the argument.
Around 10:50 a.m., the position I had already closed would have been showing approximately a ***$390 loss*** — ***essentially $400*** — if I had continued holding it. At that point, I was only up barely $100 for the day.
I would have had to sit through that drawdown later in a Friday session with progressively less time available for the position to recover. That is exactly the type of mental state I don’t want hanging over my head, potentially clouding my decisions and allowing emotions to take over.
***This is where credit spread traders can get into trouble:***
*“I’m wrong right now, but it should still be ok.”*
Sometimes it is ok. **Eventually it isn’t** — and with $20-wide credit spreads, the losing side of that habit can be far more damaging than the additional premium you were trying to keep.
# Afternoon Discipline
Approaching power hour, I was only interested in another PCS if SPX broke the session-low structure and produced a five-to-ten-point downside extension, or pushed far enough for an anchor around 7675–7670. Neither setup developed, so I took no additional trades.
SPX eventually found support, slowly ground higher, and chopped into the close. The six CCS contracts expired worthless for $155, while the PCS exits contributed $10, bringing the day to **+$165**.
# Key Takeaway
***An invalidation is not a prediction that price can never recover.*** It marks the point where the specific reason for entering the trade has failed.
If the reason you entered is no longer valid, the reason to remain in the position should become weaker too. Hindsight does not change whether the exit was correct with the information and risk you had at the time.

Sold some 7705 short PCS in the first drop around 11am and then sold some 7730 short CCS after the bounce up 12:30. And then white knuckle all the way until 3:30 to close out. Overall a good day but need to be better at some of the entries

and i thought i was the shit making 1k this week on PCS/CCS and MU calls. enormous balls

8/31 (EXP: 8/31) 7715/7720 CCS (+18k)
9/1 & 9/2 - Busy Jorking it
9/3 (Exp: 9/3) 7740/7735 PCS (+18k)
9/4 (Exp: 9/4) 7820/7825 CCS (+18k)
9/4 (Exp: 9/4) 7665/7660 PCS (+18k)

Not that anybody cares but I've reached my goal of doubling the 500k collateral I'm putting up for these 1000 con trades. 454k to be exact from the July/Aug/Sept posts but there are much smaller safer spreads I was doing with the profits on the side that I didn't include in my previous posts that makes up to the remaining 50k.
Still going to keep trading spreads b/c it's House Money now but I'll stop doing weekly updates and maybe do a single end of month update instead if I decide to post again.
Getting one too many cringy DM's begging for money or asking me to join a discord server.
And yes I know holding that 9/3 PCS to expiry was regarded lol.

I wasn’t really thinking of it as doubling down. I was just taking trades as SPX gave me opportunities within my thesis. Being up $120 didn’t make me think “now I need to make more.”
I sat on my hands through the \~8:30–11:00 PT consolidation because I wanted the CCS above the resistance I had marked. Around 11, SPX finally pushed enough to give me the premium I wanted at those strikes, so I took it. If it had just chopped into close or broken down too late, I wouldn’t have traded that side at all