CCS
CENTURY COMMUNITIES, INC.
stockNYSE

I'm a 0DTE credit spread trader with a focus on SPX. Positions traded today: * 7605/7585 PCS * 7615/7595 PCS * 7740/7760 CCS P/L: **+$415** [SPX 5-min chart, October 22, 2026](https://preview.redd.it/rob46fmia3xh1.png?width=1540&format=png&auto=webp&s=2ba8383237702eb43c6a87330962d375659af909) ***The original PCS would have expired worthless. I’m still comfortable with taking the controlled loss when the trade stopped behaving as expected.*** # Morning Thesis My morning report had me leaning bearish, with earnings reactions, AI weakness, and rising oil on my radar. I wanted SPX to develop structure before committing to the CCS side. # My First Trade SPX pushed into the 7700 psychological level, rejected, and broke below the opening range with momentum. I entered on the second bearish candle after the break, selling **five 7740/7760 CCS at $0.55**. That entry aligned with the broader bearish structure. In hindsight, stopping there would have kept the day much simpler. # Where My Read Changed After the initial selloff, SPX formed higher lows and broke above a local range. I shifted from bearish toward a range-bound thesis and added **five 7615/7595 PCS at $0.55**, completing an iron condor. [SPX 5-min chart, October 22, 2026 — Higher Lows forming, break of structure](https://preview.redd.it/za263z7xa3xh1.png?width=1788&format=png&auto=webp&s=98e00638fc8da80d24ed11f0e4e8f33163b59fec) I still think the range thesis was reasonable. The initial PCS entry needed better confirmation. I was stacking confluence around the local five-minute structure while overlooking the bearish four-hour structure and opening-range resistance overhead. SPX rallied directly into that area, rejected, and put my PCS under pressure. [SPX 5-min chart, October 22, 2026 — Price rejected bottom of the extended opening range](https://preview.redd.it/9nvj3pvfb3xh1.png?width=1540&format=png&auto=webp&s=c4727d659f3674c3faf5584bc8c3adb86216363d) The PCS had started serving more as a way to balance my CCS exposure before I had fully confirmed its own setup. # Taking the Controlled Loss When SPX rebounded, I bought back the **five PCS at $0.80 for a $125 loss**. Price was no longer behaving the way my entry required, and the position carried more risk than I wanted to hold. Closing gave me room to pause and reassess. For me, processing a $125 controlled loss is much easier than trying to make clear decisions inside a $500, $1,000, or $2,000 drawdown. The original spread eventually finished out of the money, but I had to manage the uncertainty in front of me when I exited. # Rebuilding Farther Out I remained interested in a slower, range-bound second half, with more distance on the PCS side. As SPX pressed toward 7640, I built **five 7605/7585 PCS**: **two at $0.35** and **one each at $0.40**, **$0.55**, and **$0.65**. I also took a separate one-lot scalp on the same spread, **selling at $1.00** and **buying back at $0.65** for a **$35 profit** about three minutes later on a retracement. SPX eventually based near 7640 and rebounded late. Premiums compressed, and the remaining CCS and PCS expired worthless. # Key Takeaway Two main lessons today: 1. **Respect the controlled loss when the thesis weakens**. That exit gave me the mental space to reassess and choose a better location. 2. Evaluate local confirmation within the ***larger structure***. Higher lows and a local breakout needed more scrutiny beneath opening-range resistance in a bearish session. Next time, I want the reclaim and hold before changing my bias. Adding the opposite side of an iron condor still requires an entry that stands on its own.

I'm a 0DTE credit spread trader with a focus on SPX. I’m back from Nashville! 🤠 Sorry for the delayed posts — I was enjoying the cowboy spirit and couldn’t get everything done while I was away. Here’s a broader recap of October 15, 16, 19, and 20. I didn’t write everything down as thoroughly as I normally do, so I’ll keep this focused on the trades and my overall read. If you want to dig into anything specific, ask and I’ll answer as best I can. Positions Traded Across the Four Sessions: * 7600/7580 PCS * 7650/7630 PCS * 7660/7640 PCS * 7670/7650 PCS * 7675/7655 PCS * 7765/7785 CCS * 7770/7790 CCS * 7780/7800 CCS * 7810/7830 CCS P/L: **+$1,690** * October 15: +$300 * October 16: +$430 * October 19: +$415 * October 20: +$545 [SPX 5-min chart, October 15–20, 2026](https://preview.redd.it/vh6gyek65xwh1.png?width=1541&format=png&auto=webp&s=ce88e0e21dd15c75b527a5d8963e2b22d04745ce) ***My trade count needs to match the attention I can give my positions.*** # Morning Thesis Across these sessions, my starting plan was to keep activity limited and favor afternoons when I could monitor more closely. I knew I’d be away from my normal setup and interruptions were possible. I ended up getting more screen time than expected, but I wanted my entries to fit my availability. # My First Trade — October 15 The morning range was indecisive before SPX broke higher. I sold **five 7660/7640 PCS at $0.60**, set stops, and monitored by phone and laptop. This was my busiest day away from the charts, so I kept it to that one trade. **All five spreads expired worthless**. # October 16 — Following the Breakdown Once the morning range broke lower, the selling had momentum behind it. I built 7780/7800 and 7765/7785 CCS anchors as the move developed totaling a **target profit of $370**. Late in the session, I became interested in the PCS side and sold **two 7600/7580 PCS at $0.30**. With time running out, I never built that side further. # October 19 — Waiting Through the Reversals SPX moved lower, rallied sharply, then came under strong selling pressure again. I stayed patient through those reversals. I sold **four 7670/7650 PCS at $0.40** after a break and hold above the extended morning range. A strong rejection later supported my range thesis, so I **added 7765/7785 CCS and scaled one more PCS at $0.55**. # October 20 — An Early Fade and a Stop The morning started with chop before SPX accelerated higher. I expected a range day and couldn’t identify a clear catalyst for the strength, so I faded the rally with CCS. That entry was too early. I sold **one 7770/7790 CCS at $0.50** and **added another at $1.10**. Both were closed at $1.65, producing a **combined $170 loss**. I also entered PCS during the rally, then reopened the CCS side higher with **five 7810/7830 spreads at $0.55**. SPX eventually faded and settled into chop. The remaining positions expired worthless, bringing the session to **+$545**. The later pullback didn’t make that first CCS entry well timed. **Key Takeaway** When I can’t monitor closely, my goal is to keep trades to a minimum and avoid forcing setups. My trading activity should match the attention I can give my positions. October 20 also reminded me to respect momentum even when I can’t explain the catalyst. My range bias needs price confirmation before I act on it.

STO 2x 0DTE SPCX 165/170 CCS @ 1.19 . BTC @ .2