CCS Reddit Mentions | ChartExchange

***Happy Friday everyone!***
I'm a 0DTE credit spread trader with a focus on SPX.
* 7740/7720 PCS
* 7830/7850 CCS
P/L: **+$315**
[SPX 5-min chart, August 14, 2026](https://preview.redd.it/j3b88qu7uejh1.png?width=1576&format=png&auto=webp&s=90591ec2ee3379154c3c11ae0a14edc29cd79be7)
**This entire week could probably be summed up with one word:** ***patience.***
Almost each day this week, I waited around, waited some more, and then waited again.
Today was another good example of why I don't trade toward a daily P/L target. SPX gave me a few opportunities, I took them, and I pushed for nothing beyond that.
# Morning Thesis
I came into the session slightly bullish, but the retail sales number complicated that thesis. Weak spending can support the rate side of the bullish argument, but it can also raise concerns about weakening growth. This time, the market seemed more interested in the latter.
SPX chopped around early, pushed as high as 7810.01, then eventually broke below the psychological 7800 level and held beneath it. At that point I adjusted.
I went from **slightly bullish to cautiously bearish**.
# My First Trade
The break and hold below 7800 gave me my first setup of the day — the **7830/7850 CCS.**
My first fill was a partial one at **1 contract at $.45,** **5 more at $.40** shortly after, then I scaled in another at **$.50** as SPX made attempts to push back higher, but failed to regain meaningful ground. That brought the position to 7 contracts total.
SPX eventually continued grinding lower, but I wouldn't describe the price action as particularly clean.
# I Didn't Chase the Move
Once SPX moved lower, I had no interest in following it down by selling progressively closer call spreads just because the direction was working. Price action wasn't clean, and I was cautious of a later day reversal from the what I felt was mixed morning news. That can become an easy way to turn a good read into unnecessary exposure.
Instead, I let theta continue working on the CCS while I started looking for an opportunity to establish risk on the other side.
# Trying to Build the PCS Anchor
This was actually the **third day in a row** (today, [yesterday](https://www.reddit.com/r/Daytrading/s/YBTKRfMfqK), and [day before](https://www.reddit.com/r/Daytrading/s/Iy5XlhPCyI)) that I attempted to build and scale into an anchor against pressure and SPX didn't give it to me. I've been hoping to demonstrate what it looks and feels like when I get the opportunity to build the full anchor, but that's ok. There will be plenty more opportunities in the future.
As SPX began operating more like a range, I watched downside pushes for PCS entries. Around 10:00 AM PT on that push down, I sold 1 contract of the **7740/7720 PCS for $.20**. I specifically liked the location because the short strike sat beneath multiple areas I had marked, including prior support and the prior day's low. My plan was to scale further if SPX gave me another meaningful push lower.
It never really did...*again*.
Even when SPX eventually printed the low of the day at 7776.31, the same spread was only offering me around $.15. I wanted more than $.20. So I didn't add.
# The Bigger Theme This Week
This wasn't a big-money week. And that's fine. The main theme has honestly been **not forcing trades and only taking what the market gives me**.
I did a ton of waiting this week. I waited for SPX to reach my areas. I waited for structure to develop. I waited for premiums that actually compensated me for the risk. And when those things didn't happen, I didn't invent a reason to trade anyway.
Summer — and August in particular — can sometimes produce slower, lower-volume environments. That's just how the dice roll sometimes. There's no need to force the type of opportunity you'd normally expect from a completely different market environment.
# Key Takeaway
***Low opportunity should produce low activity.***
Don't force trades simply because you want a certain P/L for the day. The market doesn't owe you your normal number of setups, your normal premium, or your normal daily return.
SPX gave me very little today.
**So I took very little.**
*Hope you enjoy the weekend fellow traders! See you all next week!*

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