CCS
CENTURY COMMUNITIES, INC.
stock NYSE

I unfortunately took the 7735 short leg CCS around 10am and was happy with the initial retreat and took the 7660 short PCS when MACD turned. I thought it was going to bounce around 7680 and 7720 but boy was I wrong. I end up aggressively hedge with 7700 short leg PCS and then 7720 short leg PCS to cover some of the losses but wasn't enough to cover the CCS loss ☹️

Not sure I follow you. I mean that I placed my CCS strikes above the resistance level, not that I kept price below it. I was looking to trade the CCS side, but only if SPX pushed up enough to give me the premium I wanted at the strikes I was watching. For me today, that was the 7780/7800 CCS, which was above the potential resistance level I had marked

Yeah, I didn’t take the CCS side until SPX broke to the upside around 11:00 AM PT/2:00 PM ET. I was already holding a PCS, so I just let that work. Once SPX broke the consolidation structure later in the day, I took the CCS against that upside pressure, keeping it above the resistance level I had marked

PCS was definitely the better play today, but I did ok on the CCS side too. I played the upside pressure and kept my CCS above a key resistance area I marked last month around 7768

Bad day for CCS seller 😔 tomorrow is another day

7675 paid the CCS. 7600–7730 holds until a 15-min close through 7735, then that box is done.

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7605/7585 PCS
* 7695/7715 CCS
P/L: **+$500**
[SPX 5-min chart, September 2, 2026](https://preview.redd.it/2sr8xm0487nh1.png?width=1542&format=png&auto=webp&s=e956a327c356f3a80d0f2c003b0f940ffa7ab9df)
**Not every green day needs a heroic save — today, structure got me in, patience kept me out of trouble, and theta did the rest.**
# Morning Thesis
I came in neutral to slightly bearish. The 10-year Treasury remained near 4.8% and Brent was around $95, so I expected those pressures to create more tug-of-war for SPX.
Price quickly proved that thesis wrong. As yields and oil eased, SPX rallied from the open and reclaimed the 7660–7663 zone, which combined weekly support with resistance from the prior session. I didn’t chase the rally or move into riskier PCS strikes as price pushed higher.
# My First Trade
Once SPX reclaimed the 7660–7663 zone I had marked and held above it, I entered my **5-lot 7605/7585 PCS anchor for a $0.45 credit**.
As the rally continued, I simply held the original anchor instead of moving closer to price for more premium. That decision kept the trade simple and preserved distance when momentum eventually stalled near 7680.
# Building the CCS Side
SPX rejected near 7680, made another attempt that set the 7681 high, and eventually formed a lower high before breaking structure.
I waited for those signals to align one after another before entering the **5-lot 7695/7715 CCS at $0.40**. An early midday spike later allowed me to add **one contract at $0.75**, which was my only scale-in of the day.
SPX never produced the downside follow-through I wanted. Price stayed firm and choppy, keeping the CCS premium sticky and making that the side I needed to monitor most closely.
# Afternoon & Power Hour
A headline hit while Trump was speaking and briefly jolted SPX higher, inflating my CCS premium after it had spent much of the hold near $0.25–$0.30. The market quickly faded the move, and the premium deflated again.
From there, my job was simply to ensure no late-day push threatened the CCS anchor. SPX chopped into the close, both spreads remained comfortably out of the money, and I allowed them to expire worthless.
# Key Takeaway
Overall, this was a much calmer and lower-maintenance day than [yesterday’s wild swings](https://www.reddit.com/r/Daytrading/s/cX6p45lebF). I kept size controlled, avoided chasing riskier positions during the rally, added only one contract, and waited for multiple signals before opening the CCS side.
The goal isn’t to predict every move correctly. It’s to adapt when structure proves the opening thesis wrong — and then ***let theta work*** when distance, sizing, and price action remain on your side.

*Quick note: this recap is a day late — I got busy right after the bell yesterday and didn’t get a chance to put it together.*
I'm a 0DTE credit spread trader with a focus on SPX.
* 7600/7580 PCS
* 7680/7700 CCS
P/L: **+$345**
[SPX 5-min chart, September 1, 2026](https://preview.redd.it/ga2qca4bx5nh1.png?width=1541&format=png&auto=webp&s=17fe9b348f23ee723c0b0edb3e9576150a46a446)
***Yesterday was a perfect example of why surviving the movement matters more than predicting every move.***
# Morning Thesis
SPX came into the session after roughly a 50-point gap down. Elevated oil and yields kept my overall bias bearish, and I was also keeping the morning economic backdrop in mind, but I wanted price action to actually confirm that thesis rather than blindly trade it.
It didn’t — at least initially.
SPX chopped early before breaking higher and holding the opening range. That changed the immediate structure enough for me to take my first trade on the bullish side.
# My First Trade
My first position was a **5-lot 7600/7580 PCS for $0.45** after SPX broke higher and held structure. That position moved into profit fairly quickly as SPX continued higher.
Then the market flipped.
SPX reversed sharply from the morning rally, broke structure with momentum, and gave me enough confirmation to establish the opposite side with a **5-lot 7680/7700 CCS for $0.40**.
When SPX pushed back toward resistance and rejected an area I had marked from the prior month, I added **1 more CCS contract at $0.80**.
So at that point I effectively had exposure on both sides while SPX continued producing some pretty violent swings.
# Midday Whipsaw
The downside move accelerated again around midday. I added one PCS contract near a prior reversal/structure area, but SPX continued through it as headline-driven selling picked up. I added one additional contract at **$0.80** farther into the move.
This was probably the most uncomfortable portion of the session.
SPX eventually stabilized around the opening-range/support area, IV flattened somewhat, and enough time had passed for theta to start helping substantially. That allowed the PCS side to recover back toward profitable territory despite the earlier pressure.
# Why Position Sizing Mattered
Today's price action was tough. Wild swings like these make positions much harder to manage because momentum can put a spread into loss territory very quickly.
This is why I beat the drum about ***proper position sizing*** all the time.
If you're trading an amount that's too large for your account — or simply too large for your personal risk tolerance — a session like this can easily shake you out of otherwise manageable positions.
Keeping size reasonable gives me the ability to watch what **price action is actually doing** instead of staring at the P/L.
That allows me to ask the questions that actually matter:
*Is my thesis still intact?*
*Is structure holding?*
*Has anything actually invalidated the trade?*
*Or is the position simply experiencing normal volatility?*
That distinction becomes much harder to make when the position itself is causing you emotional stress.
# Afternoon Management
The overall chop began developing more of a downward lean. My PCS was still sticky despite recovering, and eventually SPX broke the support level I was using as part of that thesis with a convincing push lower.
And that was the important part. Rather than hold the PCS into expiration and hope for another reversal, I respected the invalidation. I used small 1-minute retracements to close the position for mostly breakeven with a small partial profit. The PCS side ultimately produced **+$65**.
My CCS was a completely different situation. By then, the 7680 short strike had substantial distance from price and the prevailing structure continued supporting the bearish side, so I was comfortable letting those contracts expire worthless. The CCS side produced **+$280**.
# Key Takeaway
***Distance buys you time, but proper sizing gives you the ability to use that time wisely.***
There were multiple points yesterday where one side of my positioning moved into loss territory quickly. Being appropriately sized allowed me to focus on structure instead of reacting emotionally to the swings. And when the PCS thesis finally did invalidate, I exited it.
The goal isn't to sit through everything because you're small. It's to be small enough that you can objectively determine the difference between **temporary pressure and an actually broken thesis**.

STO Sep 420/430 CCS for $1.20