CCS
CENTURY COMMUNITIES, INC.
stockNYSE

I'm a 0DTE credit spread trader with a focus on SPX. Positions traded today: * 7785/7765 PCS P/L: **+$240** [SPX 5-min chart, October 12, 2026](https://preview.redd.it/xpnsrry8x3vh1.png?width=1542&format=png&auto=webp&s=83896df36e831fb2d1602a46613270667dd0799f) ***The market doesn’t owe me my usual premium. On low IV days, I either accept less, stay small, or sit out.*** # Morning Thesis Today’s theme was **aim small, miss small**. I started late, but my morning report left me with a mixed bias. Oil and tech were pulling in opposite directions, while the market had been absorbing high oil and yields in general. An iron condor day seemed possible, but [headline risk](https://www.reddit.com/r/Daytrading/s/Ta94ZWstuo) kept me cautious on CCS side as always. I preferred PCS if SPX gave me a supported setup. I was watching my marked prior-session support area and the 7800 psychological level. IV was low, so my plan was a maximum of five lots on either side — half size or less. # My First Trade SPX opened with chop, pushed down into marked support, and consolidated. A higher low followed by a break above that consolidation was my entry signal. **I sold four 7785/7765 PCS at $0.35**. The idea was to trade the support confirmation while keeping size light and some distance from the short strike. I accepted the credit available instead of moving closer just to get a bigger fill. # Midday Retest SPX pushed higher and put the position into early profit, then a sharp bearish candle interrupted the rebound. I wondered whether Iran or peace-talk headlines were involved since I saw some notifications pop up related to it, but I couldn’t confirm the catalyst. After a brief bounce, SPX sold back into the same support area. I used that retest to add my **final contract at $1.00**, bringing the total to my planned five-lot limit. My original structural invalidation was around the morning low, and I also had a premium stop. I had loosened the stop during the earlier move in my favor. The repricing was the important observation — roughly an hour earlier, near a similar SPX level, this spread was around $0.35. Now it had traded above $1.00. This is exactly why I try to keep good distance on my positions, and a good reminder that premium can inflate quickly on what feels like a relatively small move compared to "normal" days. # Afternoon & Power Hour SPX chopped lower toward 7800 and eventually dipped below it. By this point, my spreads were back in profit, but price was near the expected move boundary, so I just continued monitoring closely. The late recovery reclaimed 7800 and my marked support area. All five spreads expired worthless — **$140 from the initial four lots** and **$100 from the final contract**. # Key Takeaway **Aim small, miss small.** On low IV, low volume days, ***I’m not looking to make a lot of money***, and ***I’m not looking to lose a lot either***. For my premium-selling approach, the credit available at my preferred distance can make these conditions less attractive. When conditions aren’t in my favor, the best trade is probably to sit out. If I enter, I want **smaller size**, **clear invalidation** — structural, premium, or both — and ***no chasing premium***. I’ve seen credit spread sellers move their short strikes closer to the lava to collect the credit they normally expect. That changes the risk to satisfy a premium target. I’d rather keep my distance and accept less. Where I might normally collect, say, $0.50-$0.80, a day like today might offer $0.25-$0.40. **That’s ok**. A smaller move can be more significant relative to a smaller expected move. As a short option approaches the money near expiration, gamma can make its delta change quickly. Moving closer for extra credit can leave less room before the position becomes much more sensitive to an adverse move. For example, on a day like today, a hypothetical spread sold for $0.50 and could be hit and bought back at $2.30, which loses $180 per spread before fees, against $50 initially collected. The spread’s width hasn’t shrunk just because the credit is smaller. **Don’t chase premium.** Distance gives room — it doesn’t replace an exit. And an invalidation level only helps if I act on it. I aim small by keeping **lot size low** and **staying away from** [**the lava**](https://www.reddit.com/user/klipsetrades/comments/1vd63gq/dont_touch_the_lava_how_i_choose_spx_credit/). If I win, great. If I lose, smaller size and proper management should help keep the loss below an average day. The goal is a small win or a controlled loss, with size matched to the conditions.

PCS better bro CCS is a port destroyer

Is apld a good stock for CCS?