CCS
CENTURY COMMUNITIES, INC.
stock NYSE

***Happy Friday everyone!***
I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7670/7650 PCS
* 7695/7685 PCS
* 7770/7790 CCS
P/L: **+$900**
[SPX 5-min, October 2, 2026](https://preview.redd.it/aroxqb39h4th1.png?width=1542&format=png&auto=webp&s=343ee17beeb5983fe3b9497eead7c48c2411e4e1)
***My first PCS could have paid the entire $900. I took $500 early, avoided the reversal, and earned the remaining $400 from a smaller iron condor.***
# Morning Thesis
The payrolls reaction, falling yields, softer oil, and a weaker dollar supported my bullish bias. SPX opened with three green five-minute candles, although the second wasn’t clean enough to convince me that momentum was fully established. I usually like seeing equal strong 5-minute candles up, no hesitations.
The opening flush and quick reclaim actually fit a setup right from my playbook. The complication was weekly resistance around 7752, sitting close overhead.
# My First Trade
I sold **10 lots of the 7695/7685 PCS at $0.90**. I entered before the confirmation I normally wait for, anticipating my playbook setup, but I wasn’t planning to hold through an uncertain reaction at resistance which is why I kept my take-profit at $.40.
You guys may know by now, I usually trade $20-wide spreads. Sometimes I use a $10 width near a key level to keep more collateral available for adjustments while still collecting the premium I’m targeting. Ten contracts was still concentrated size, so the plan called for a short holding period and clear invalidation.
My structure checkpoints were roughly 7742, then 7736, followed by the morning low. Those levels eventually broke, but I had already exited at my **$0.40 take-profit** before then, **banking $500**.
Ironically, holding that original position to expiration could also have produced $900. But SPX’s eventual 7700.51 low was only about 5.5 points above my short strike. I was actually watching my the premium on that positions and could have been facing a **$3,000–$4,000 unrealized drawdown** during that push down.
Collecting the remaining $400 on that trade would have required a much harder path. My planned exit kept me out of it.
# Protecting the Cushion
Once I was up $500, my priority became protecting capital and that cushion. Any new trade needed its own qualified setup — and from this point, I'm automatically thinking "no more than half size at most."
After the morning low broke, I sold **four 7770/7790 CCS at $0.35** — less than half my initial contract count. I added **one more at $0.45** on the pullback following the test of 7700. Five contracts was the maximum I wanted on that anchor.
I didn’t fully understand every SPX move today, but the resistance rejection and breakdown gave me confidence to treat the morning high as the likely top. Upside headline risk was still on my mind. Falling oil and yields made me somewhat more comfortable taking the CCS, while premium-based stops remained my emergency circuit breaker.
# Midday & the Close
Once SPX found support and began rebounding into a range, I added **five 7670/7650 PCS contracts:** **two at $0.40** and **three at $0.45**. That completed the iron condor.
I anticipated a broader range than we actually got. Instead, SPX spent most of the remaining session chopping tightly, and I let theta work.
By the final hour, the positions were nearly fully decayed. With 100 points between my short strikes and SPX trading near the middle, I chose to hold rather than close for a nickel.
That was the more aggressive part of the day. I initially kept stops in place, then removed them for the final 15 minutes and monitored price through the close. Both sides expired worthless, but that outcome doesn’t make removing stops or squeezing every nickel out until close a habit I’d encourage. Especially, when you can have closes like the one we saw on [Wednesday](https://www.reddit.com/r/Daytrading/s/9Vw6td95Li).
# Key Takeaway
When I have conviction in the move toward a nearby level, but uncertainty about the reaction there, I plan a quick exit. I can reassess if price confirms a breakout.
Taking profit early gave me room to adapt when the bullish structure failed. After that, I reduced size, waited for qualified setups, and let the range work.
Overall, a pretty easy day to manage once the morning reversal resolved. A clean $900 gross win — not a bad way to end Friday and head into the weekend.
*Enjoy the weekend fellow traders! See you all next week!* 😎

Sitting on some $769/774 CCS on SPY that are worth $.57. Getting ready to close them. Don't want to take the risk we pop into close.

I am closing CCS from my IC. Only way I would get long right now is if we test LOD and bounce real hard off of that.

***Happy Friday everyone!***
I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7670/7650 PCS
* 7695/7685 PCS
* 7770/7790 CCS
P/L: **+$900**
[SPX 5-min, October 2, 2026](https://preview.redd.it/aroxqb39h4th1.png?width=1542&format=png&auto=webp&s=343ee17beeb5983fe3b9497eead7c48c2411e4e1)
***My first PCS could have paid the entire $900. I took $500 early, avoided the reversal, and earned the remaining $400 from a smaller iron condor.***
# Morning Thesis
The payrolls reaction, falling yields, softer oil, and a weaker dollar supported my bullish bias. SPX opened with three green five-minute candles, although the second wasn’t clean enough to convince me that momentum was fully established. I usually like seeing equal strong 5-minute candles up, no hesitations.
The opening flush and quick reclaim actually fit a setup right from my playbook. The complication was weekly resistance around 7752, sitting close overhead.
# My First Trade
I sold **10 lots of the 7695/7685 PCS at $0.90**. I entered before the confirmation I normally wait for, anticipating my playbook setup, but I wasn’t planning to hold through an uncertain reaction at resistance which is why I kept my take-profit at $.40.
You guys may know by now, I usually trade $20-wide spreads. Sometimes I use a $10 width near a key level to keep more collateral available for adjustments while still collecting the premium I’m targeting. Ten contracts was still concentrated size, so the plan called for a short holding period and clear invalidation.
My structure checkpoints were roughly 7742, then 7736, followed by the morning low. Those levels eventually broke, but I had already exited at my **$0.40 take-profit** before then, **banking $500**.
Ironically, holding that original position to expiration could also have produced $900. But SPX’s eventual 7700.51 low was only about 5.5 points above my short strike. I was actually watching my the premium on that positions and could have been facing a **$3,000–$4,000 unrealized drawdown** during that push down.
Collecting the remaining $400 on that trade would have required a much harder path. My planned exit kept me out of it.
# Protecting the Cushion
Once I was up $500, my priority became protecting capital and that cushion. Any new trade needed its own qualified setup — and from this point, I'm automatically thinking "no more than half size at most."
After the morning low broke, I sold **four 7770/7790 CCS at $0.35** — less than half my initial contract count. I added **one more at $0.45** on the pullback following the test of 7700. Five contracts was the maximum I wanted on that anchor.
I didn’t fully understand every SPX move today, but the resistance rejection and breakdown gave me confidence to treat the morning high as the likely top. Upside headline risk was still on my mind. Falling oil and yields made me somewhat more comfortable taking the CCS, while premium-based stops remained my emergency circuit breaker.
# Midday & the Close
Once SPX found support and began rebounding into a range, I added **five 7670/7650 PCS contracts:** **two at $0.40** and **three at $0.45**. That completed the iron condor.
I anticipated a broader range than we actually got. Instead, SPX spent most of the remaining session chopping tightly, and I let theta work.
By the final hour, the positions were nearly fully decayed. With 100 points between my short strikes and SPX trading near the middle, I chose to hold rather than close for a nickel.
That was the more aggressive part of the day. I initially kept stops in place, then removed them for the final 15 minutes and monitored price through the close. Both sides expired worthless, but that outcome doesn’t make removing stops or squeezing every nickel out until close a habit I’d encourage. Especially, when you can have closes like the one we saw on [Wednesday](https://www.reddit.com/r/Daytrading/s/9Vw6td95Li).
# Key Takeaway
When I have conviction in the move toward a nearby level, but uncertainty about the reaction there, I plan a quick exit. I can reassess if price confirms a breakout.
Taking profit early gave me room to adapt when the bullish structure failed. After that, I reduced size, waited for qualified setups, and let the range work.
Overall, a pretty easy day to manage once the morning reversal resolved. A clean $900 gross win — not a bad way to end Friday and head into the weekend.
*Enjoy the weekend fellow traders! See you all next week!* 😎

Sitting on some $769/774 CCS on SPY that are worth $.57. Getting ready to close them. Don't want to take the risk we pop into close.

I am closing CCS from my IC. Only way I would get long right now is if we test LOD and bounce real hard off of that.