CCS
CENTURY COMMUNITIES, INC.
stockNYSE

BTC MU 1450C Nov-20 $2.98 debit (67% gain) STO MU CCS 1160/1200 for $8.02 cr

I'm a 0DTE credit spread trader with a focus on SPX. Positions traded today: * 7785/7795 PCS * 7795/7805 PCS * 7800/7810 PCS * 7850/7860 CCS P/L: **+$340** [SPX 5-min chart, October 6, 2026](https://preview.redd.it/9c4o95pu1yth1.png?width=1543&format=png&auto=webp&s=b31c17c3711f4889a0c86157be65c6a21457c999) ***My put spreads made $1,300. An early call-spread trade gave back $960. Impatience made the difference today.*** # Morning Thesis I came in bullish after [yesterday](https://www.reddit.com/r/Daytrading/s/rbwLjlAwgw) showed SPX could absorb elevated yields and still rally. Today opened above the prior day high, and I was watching the first 15-minute structure for a possible gap-and-go. The opening 15 minute structure wasn’t especially clean to my standard, but when price broke and held above the prior year high around 7816.70, I expected continued upside. I was looking for a more consistent bullish run after the opening action. # My First Trade I opened a full-size, **10-lot 7785/7795 PCS at $0.95**. I used 10-point-wide spreads to preserve buying power for additional opportunities or adjustments if the bullish trend continued. That was intentional. The entry itself was where I slipped. I originally saw $1.25, but couldn’t get filled. I walked the order too slowly, and the available credit moved away from me. By the time I entered at $0.95, and I had definitely chased the move. Once that original fill got away, waiting for a pullback would have probably been the cleaner decision. If price approached 7800, I could have assessed its reaction at that psychological level before committing. # The CCS Mistake The sharp morning reversal brought price back toward the year-high area. Instead of waiting to see how that level reacted, I opened a **10-lot 7850/7860 CCS at $0.75**, anticipating a range. That was too early. Buyers stepped back in, and the upside pressure resumed. I added **one spread at $0.90** and another **two at $1.25** with the intention of scalping the last two. I was able to buy the two-lot back at **$0.90 for a $70 gain** on a pullback... but the upside momentum proved to be too much. When the upside pressure kept building and I felt structure could break higher, I closed the remaining **11 spreads at $1.70**. The original 10-lot lost $950, and the one-lot add lost $80. After the $70 scalp, the **CCS side finished down $960**. Basically wiping my PCS anchor completely. I shouldn’t have been in that trade, but I followed my exit plan, took the loss, and moved on. SPX shortly after pushed to the day’s high of 7844.52 which could have put me in a really bad drawdown. On that same rally, I added **five 7795/7805 PCS at $0.50**, just on the edge of [the lava](https://www.reddit.com/u/klipsetrades/s/J6WYdtQHl9). # Midday and the Close The slow grind lower was difficult to trade around. Initially it looked like consolidation, but price kept creeping toward the prior year-high area. My PCS anchor premiums inflated, so I continued monitoring their distance and the underlying structure. The one later opportunity I liked was a scalp as price approached that support area again. I sold **two 7800/7810 PCS at $1.50**. The entry was a little early, and I held around 10 minutes before **closing at my $1.00 target for $100**. The afternoon brought range chop and a late fade. Both PCS anchors expired worthless, generating $950 and $250. Including the scalp, the put side earned $1,300. # Key Takeaway Today’s fast, nearly vertical swings made the market a tough read for me. When those moves cut through key levels, especially around new highs with fewer established references, I need to give the reaction more time. I chased the bullish entry, then anticipated a range before it confirmed. PCS fit the day better for my approach, and the CCS detour consumed most of those profits. I finished green and respected my exit plan. The improvement is patience before committing size — both after a missed fill and after a sharp reversal. I welcome critique of my market read, the chased PCS entry, and the CCS timing. What would you have done differently?

I'm a 0DTE credit spread trader with a focus on SPX. Positions traded today: * 7720/7700 PCS * 7730/7710 PCS * 7795/7815 CCS * 7805/7825 CCS P/L: **+$430** [SPX 5-min chart, October 5, 2026](https://preview.redd.it/6zyhlo4axpth1.png?width=1544&format=png&auto=webp&s=e92c7c560cc3accc8980793dc6be521387842486) ***The hardest part of today was recognizing that a profitable position was becoming increasingly vulnerable.*** # Morning Thesis I did not expect a trend day like we saw today. My bias was mixed, with an expectation that SPX could stay in a range. Friday’s softer jobs report had eased rate-hike expectations, but the 10-year yield was still around 5.26-5.29% in the morning, and oil remained elevated. That backdrop made me cautious about bullish continuation. SPX initially chopped ahead of ISM, then broke the opening range higher after the release. I didn’t chase because price was approaching Friday’s high and resistance I had marked. My mistake was giving the macro backdrop too much influence over my expectations once bullish structure started developing. # My First Trade I sold **two 7795/7815 CCS at $0.55**, anticipating a range. When SPX pulled back, I interpreted it as a possible end to the initial rally and added **two more at $0.30**. That pullback failed to extend lower. SPX reversed higher, broke the morning high, and settled into a steady grind. I had a structural invalidation near **7780**, along with a stop loss order tied to the short strike. # Adjusting to the Trend Once SPX broke and held the morning high, I sold **four 7720/7700 PCS at $0.45**. A later break of structure higher prompted me to sell **two more 7730/7710 PCS at $0.30**. That was my planned exposure on the put side. Both positions benefited from the continued climb and ultimately expired worthless. Meanwhile, the original CCS remained profitable for much of the session even SPX was climbing higher. That was the difficult part — price was moving toward the spread while the position still looked comfortable on screen. The grind was increasingly offsetting the benefit of theta and inching closer to my strikes making gamma increasingly dangerous for my position. Once price held above my invalidation, I used a pullback to close all four original CCS at **$0.35**, leaving a combined **$30 gain** on that structure. # Why I Opened a Higher CCS Anchor *“Why not close the call side entirely?”* is a fair question. I don’t encourage fighting trends. I always say the trend is your friend. I effectively moved part of the anchor higher because **7800 was a psychological level I would normally trade around**, especially with little time remaining in the day. The **7805/7825 CCS** placed my short strike beyond that level, and its premium started expanding as SPX pushed higher allowing me to build my anchor like I normally would when I go against trends. That was the reasoning behind the selection. But it was still a trade against the trend. I started with **two contracts at $0.25**, then added **one at $0.50** and **one at $0.85**, initially intending to hold them. As SPX pushed higher again, I added **one at $1.15 specifically for a scalp**. I held it for only a few minutes and closed at **$0.80** on a pullback, collecting **$35**. SPX eventually reached **7794.35 — roughly 11 points from my 7805 short strike**. At that distance, I was increasingly concerned about gamma and another push higher. So, I used pullbacks to close the $0.50 and $0.85 entries at **$0.30**, reducing the position back to the original two contracts. Those exits, together with the $1.15 scalp, produced **$110**. I kept the last two as price stalled and began reversing. That smaller exposure felt more manageable. The sharp late fade left those calls and my remaining puts to expire worthless. # Key Takeaway ***Recognizing*** the trend, ***respecting*** my original invalidation, and ***adjusting*** exposure were the decisions that worked well today. Every CCS had a structural invalidation and a stop order tied to the short strike. Those mattered because a slow grind can move price steadily toward a spread while unrealized profit creates a false sense of comfort. The late reversal helped the final result, but it doesn’t erase the risk I took by rebuilding calls against the trend. ***A green position isn’t proof that your thesis still holds. Price determines whether the setup remains valid.***

BTO SPCX 172.5/180 CCS 10/9 for 1.72