CCS
CENTURY COMMUNITIES, INC.
stock NYSE

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7685/7705 CCS
* 7690/7710 CCS
P/L: **+$420**
[SPX 5-min chart, September 9, 2026](https://preview.redd.it/e7ow9td17koh1.png?width=1543&format=png&auto=webp&s=06daed46d31b4a0dc49ccb07d789908696f4b7ba)
***Missed profit isn’t a loss — but chasing it is how a controlled day turns into an emotional trade.***
Overall, this was a great, low-management day. Lately, the price action has rarely had me trading only one side of the market. I’ve frequently found opportunities to open one side and later add the other as SPX moves through the session.
Today I finished with only CCS positions, but that wasn’t by choice. SPX simply never gave me the movement or pricing I needed to open the PCS side safely.
# Morning Thesis
I came into the session with a stronger bearish bias. Brent was breaking $100, the 10-year yield was near 4.8%, and Fed-hike expectations had risen further.
SPX also opened below the 7660.06 weekly support level, so I was primarily watching for CCS opportunities. I let the first 15 minutes play out while price chopped around the opening area.
# My First Trade
After the opening chop, SPX finally produced a meaningful push lower. On the following 5-minute bearish candle, I opened **five 7690/7710 CCS contracts for a $0.40** credit and **one 7685/7705 CCS for $0.50**.
***And then whoa...*** the next candle immediately reversed higher and pushed both positions into the red, fluctuating roughly **$50–$120 against me**.
It sucked, but it remained within my threshold. More importantly, SPX had not broken the morning high, which was the level invalidating my bearish thesis.
During that reversal, I added **two more 7685/7705 CCS contracts for $0.85 each**. That was the extent of the position I was willing to build — I had no intention of continuing to add if SPX pushed decisively beyond the opening area.
Price chopped briefly, made another strong push higher, and then rejected directly back toward the morning low. That was the confirmation I had been waiting for.
# The PCS That Never Came
Once SPX returned to the morning low, I became interested in the PCS side. I wanted short strikes below 7600, ideally after a move closer to the \~7611 weekly low.
That move never came.
SPX bounced before reaching my area, ground higher, and transitioned into a choppy range for most of the remaining session. I continued waiting for another meaningful push lower, but price never met my criteria.
I could have reached for closer strikes to collect the extra premium, but that would have placed me closer to the lava and potentially created a dangerous position that required active management later in the day.
Instead, I left it alone.
# Afternoon Management
SPX continued chopping throughout the afternoon before fading into the close. By then, my CCS positions were showing $0 and had enough distance from price, so I allowed them to expire worthless.
No unnecessary adjustments, no forced second side, and no late-day gamma problem to manage.
# Key Takeaway
The immediate reversal after my entry did not invalidate the bearish setup — the morning high did. Following that structure allowed me to manage the thesis instead of reacting to temporary P/L.
The harder test came later.
Watching the market move without you naturally creates thoughts like, *“I could have made another $X.”* **Even after years of trading, that is something I still have to manage.**
But if price never reaches your criteria, you did not miss your trade — you missed hypothetical profit. Chasing that hypothetical profit is how traders enter less favorable positions and suddenly begin managing their emotions instead of their thesis.
Today ended as a one-sided trade because that was all the market offered me. There will **always** be another session after this one — and another after that.
Don’t beat yourself up over profits that were never yours.

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7650/7630 PCS
* 7735/7755 CCS
P/L: **+$300**
[SPX 5-min chart, September 8, 2026](https://preview.redd.it/vyo1espitdoh1.png?width=1543&format=png&auto=webp&s=8c0b5bcf1864de9357a8798e75600b5dd6d24185)
***Missing the trade didn’t cost me anything. Chasing it could have.***
# Morning Thesis
I came in bearish with Brent pushing toward $100, the 10-year near 4.79%, and escalating attacks on Middle East energy infrastructure. SPX sold off during the opening 15 minutes, reinforcing that bias.
I waited through the next stretch of chop to see whether buyers could reclaim the opening breakdown. Initially, they couldn’t.
# My First Trade
Around 7:00 AM PT, I sold **5 of the 7735/7755 CCS for $0.50**. The pullback entry was clean, and the spread started working almost immediately.
SPX then pushed and held lower, strengthening the bearish thesis. I watched 7700 as a potential reference for opening the PCS side if price reclaimed and held it, but that setup never developed.
# Midday Patience
SPX ground lower and settled into a tight range. I was eyeing a PCS with the short strike below weekly support, but a headline nudged price just high enough to take away my entry.
I didn’t chase it though. I sat on my hands and let theta continue working on the CCS.
# Afternoon & Power Hour
Another Iran-war headline jolted SPX lower and brought some premium back to the PCS. I used this opportunity and I sold **2 of the 7650/7630 PCS for $0.25**, **collecting another $50**.
SPX later pushed toward weekly support but never threatened my short strike. Both sides expired safely OTM.
# Key Takeaway
This was an overall low-management day with only two trades. The most important decision was not forcing the PCS after missing the original entry.
I waited, let theta work, and took the setup only when the market offered it again.