CCS
CENTURY COMMUNITIES, INC.
stockNYSE

***Happy Friday everyone!*** I'm a 0DTE credit spread trader with a focus on SPX. Positions trade today: * 7575/7555 PCS * 7680/7700 CCS P/L: **+$425** [SPX 5-min chart, October 23, 2026](https://preview.redd.it/avk2wm34oaxh1.png?width=1542&format=png&auto=webp&s=63833771b66e1969c46c53551af18cde002c0435) [***Yesterday’s loss***](https://www.reddit.com/r/Daytrading/s/t4zBLIVmLA) ***showed me the confirmation I skipped. Today’s best trade came from waiting for it.*** # Morning Thesis I came in bearish and defensive. AI spending concerns, oil above $100, elevated volatility and Middle East escalation kept me cautious about a sustained recovery. My preference was to sell failed rallies through CCS, while letting SPX’s structure determine the actual entry. # My First Trade SPX opened with overlapping candles, swept the weekly low and reversed higher. It reclaimed yesterday’s low and broke above the opening range with momentum. I sold **5 lots of 7575/7555 PCS at $0.50**, anticipating possible continuation toward resistance I had marked from the prior day’s four-hour chart. The follow-through never really developed. SPX repeatedly rejected beneath yesterday’s close, and the recovery started losing momentum. Theta helped, but the swings kept taking open profit back toward breakeven. [SPX 5-min chart, October 23, 2026 — Price failing to go higher](https://preview.redd.it/yhlz78isqaxh1.jpeg?width=1320&format=pjpg&auto=webp&s=c4346e2e4ad4f8aa6a1cf113e0f507c1f57745bd) My strikes were still far away. ***My bullish continuation thesis was weakening***, though, so I **bought the spreads back at $0.25 and booked $125 before fees**. # The Trade I Want to Highlight My 7680/7700 CCS was the more meaningful trade today because I got to apply a lesson from [yesterday](https://www.reddit.com/r/Daytrading/s/t4zBLIVmLA) immediately. Yesterday, I sold a 7615/7595 PCS when SPX appeared to be reversing upward. Higher lows and a local range break supported the idea, but price was heading directly into the morning opening range. I entered before seeing whether it could reclaim that area. SPX rejected there, and the trade ended in a controlled loss. I had acted on the local bullish structure before getting that last piece of confirmation from the larger structure. Today, I saw something similar in reverse: repeated failed pushes higher, lower highs and a break of the local range. This time, I waited for price to move back inside the opening range before committing. [SPX 5-min chart, October 23, 2026 — Lower highs forming, and break of structure](https://preview.redd.it/ci7cmdm6qaxh1.png?width=1791&format=png&auto=webp&s=05d0d58819c9688b56712c854347663ef53c0ab5) That return into the opening range added evidence that the recovery was failing. I **sold 5 lots of 7680/7700 CCS at $0.60**. Nothing guaranteed the outcome. Waiting may have cost a little premium, but I had another ***relevant piece of evidence supporting*** the entry. In my view, that made this a better setup than [yesterday’s PCS](https://www.reddit.com/r/Daytrading/s/t4zBLIVmLA). # Afternoon & Power Hour SPX found some support within the morning range, chopped and gradually drifted lower into the close. The CCS required little management, and **all five spreads expired worthless for another $300 profit.** Two trades, with no additional entries after the CCS. # Key Takeaway There were two connected lessons today: ***wait for confirmation*** at the structure that matters, and ***reassess*** when the evidence supporting an open trade weakens. My original PCS would have expired worthless. That doesn’t make taking the profit a mistake. I closed because the continuation setup was deteriorating, rather than making strike distance my only reason to hold. I’m pretty pleased that [yesterday’s lesson](https://www.reddit.com/r/Daytrading/s/t4zBLIVmLA) translated into a more patient entry today. The part I want to repeat is waiting for that extra confirmation. *Have a great weekend traders! See you all next week!*