CCS
CENTURY COMMUNITIES, INC.
stock NYSE

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7630/7610 PCS
* 7700/7720 CCS
P/L: **+$570**
[SPX 5-min chart, August 25, 2026](https://preview.redd.it/mdv3swavellh1.png?width=1576&format=png&auto=webp&s=a11be84cf811be2407e01abd13e0535a59fd0075)
***Luck entry on one trade today. Theta did it's work, and discipline kept me from giving it back.***
# Morning Thesis
I came in mixed, but slightly bullish. The gap higher, along with oil and Treasury yields moving in a direction that was favorable for SPX, supported the bullish side, but I still expected a relatively range-bound session with Nvidia earnings, PCE and GDP ahead.
SPX actually gave a better start than a lot of the recent sessions. After roughly 30 minutes of chop, price broke lower with a meaningful push relative to the current low-IV environment. It held below the opening range, but I still didn't enter. I was more interested in seeing how SPX reacted to yesterday's high.
# My First Trade
SPX stalled around yesterday's high, eventually broke through it, and held below. That gave me enough confirmation to open the **7700/7720 CCS**. I built it to **6 contracts**, with five filled around **$0.40** and one at **$0.45**.
*And I was lucky...*
Almost immediately after my entry, a Trump Truth Social post hit and SPX dropped sharply in my favor. I wasn't trading the headline and obviously couldn't have predicted the timing. The position was already open based on the structure I was seeing. The headline just happened to accelerate the exact move I was positioned for.
SPX rebounded fairly quickly afterward and went back into chop.
# Building the Other Side
As SPX recovered and pushed back above yesterday's high, I opened a **5-lot 7630/7610 PCS**.
The next 5-minute move wasn't immediately in my favor. Premium expanded and the position came under some pressure, so I added one more contract with the intention of treating that add more like a scalp rather than turning it into additional anchor size.
As SPX gradually ground higher, I closed that added contract at **$0.60 for $55 profit**. That was basically all the additional opportunity I needed from the session.
# Midday & Afternoon
SPX continued rotating higher, lower and back higher without producing much meaningful expansion.
By this point my spreads were sitting a good amount below my entry prices in equilibrium.
https://preview.redd.it/7k0ccrmogllh1.jpg?width=1320&format=pjpg&auto=webp&s=87cbdbbaba22a0f1e3d9b926905023a59ce65d79
When you see it like this, you get a solid feeling that your legged-in Iron condor is well positioned.
There were certainly more candles to trade, but I didn't see more trades worth taking. My anchors were already positioned far enough away from price, the market was behaving largely how I expected a range day to behave, and there was no reason to start reaching closer to price just because I had buying power available, especially with IV compressing.
By the afternoon, the remaining positions were comfortably OTM and theta had done most of the work.
# Key Takeaway
Got lucky with an entry just before a Trump headline, and I don't want to pretend that was skill. ***I got fortunate with the timing.***
But luck wasn't what kept the day green.
The repeatable part was waiting for structure before entering, keeping my anchors far OTM, managing the more aggressive add separately, and then refusing to force another setup when SPX stopped offering one.
Sometimes the best thing you can do after building good positions is leave them alone and ***let theta work***.

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7630/7610 PCS
* 7700/7720 CCS
P/L: **+$570**
[SPX 5-min chart, August 25, 2026](https://preview.redd.it/mdv3swavellh1.png?width=1576&format=png&auto=webp&s=a11be84cf811be2407e01abd13e0535a59fd0075)
***Luck entry on one trade today. Theta did it's work, and discipline kept me from giving it back.***
# Morning Thesis
I came in mixed, but slightly bullish. The gap higher, along with oil and Treasury yields moving in a direction that was favorable for SPX, supported the bullish side, but I still expected a relatively range-bound session with Nvidia earnings, PCE and GDP ahead.
SPX actually gave a better start than a lot of the recent sessions. After roughly 30 minutes of chop, price broke lower with a meaningful push relative to the current low-IV environment. It held below the opening range, but I still didn't enter. I was more interested in seeing how SPX reacted to yesterday's high.
# My First Trade
SPX stalled around yesterday's high, eventually broke through it, and held below. That gave me enough confirmation to open the **7700/7720 CCS**. I built it to **6 contracts**, with five filled around **$0.40** and one at **$0.45**.
*And I was lucky...*
Almost immediately after my entry, a Trump Truth Social post hit and SPX dropped sharply in my favor. I wasn't trading the headline and obviously couldn't have predicted the timing. The position was already open based on the structure I was seeing. The headline just happened to accelerate the exact move I was positioned for.
SPX rebounded fairly quickly afterward and went back into chop.
# Building the Other Side
As SPX recovered and pushed back above yesterday's high, I opened a **5-lot 7630/7610 PCS**.
The next 5-minute move wasn't immediately in my favor. Premium expanded and the position came under some pressure, so I added one more contract with the intention of treating that add more like a scalp rather than turning it into additional anchor size.
As SPX gradually ground higher, I closed that added contract at **$0.60 for $55 profit**. That was basically all the additional opportunity I needed from the session.
# Midday & Afternoon
SPX continued rotating higher, lower and back higher without producing much meaningful expansion.
By this point my spreads were sitting a good amount below my entry prices in equilibrium.
https://preview.redd.it/7k0ccrmogllh1.jpg?width=1320&format=pjpg&auto=webp&s=87cbdbbaba22a0f1e3d9b926905023a59ce65d79
When you see it like this, you get a solid feeling that your legged-in Iron condor is well positioned.
There were certainly more candles to trade, but I didn't see more trades worth taking. My anchors were already positioned far enough away from price, the market was behaving largely how I expected a range day to behave, and there was no reason to start reaching closer to price just because I had buying power available, especially with IV compressing.
By the afternoon, the remaining positions were comfortably OTM and theta had done most of the work.
# Key Takeaway
Got lucky with an entry just before a Trump headline, and I don't want to pretend that was skill. ***I got fortunate with the timing.***
But luck wasn't what kept the day green.
The repeatable part was waiting for structure before entering, keeping my anchors far OTM, managing the more aggressive add separately, and then refusing to force another setup when SPX stopped offering one.
Sometimes the best thing you can do after building good positions is leave them alone and ***let theta work***.

I'm a 0DTE credit spread trader with a focus on SPX.
Positions traded today:
* 7630/7610 PCS
* 7685/7705 CCS
P/L: **+$475**
[SPX 5-min chart, August 24, 2026](https://preview.redd.it/47e19m9z6elh1.png?width=1577&format=png&auto=webp&s=5245d5431af3099297e7e66ac9b30298ea640f98)
***Today wasn’t about calling direction. It was about waiting until SPX gave me enough structure to sell both sides of the range.***
# Morning Thesis
I came into the session with a mixed bias and expected a range unless SPX gave me a reason to think otherwise. There was plenty of headline risk hanging over the market, including the Iran sanctions situation, Nvidia earnings later in the week, and Fed/Jackson Hole risk. That made me hesitant to commit heavily to either direction.
The open reinforced that. SPX was messy immediately, with overlapping 5-minute candles and large wicks. I had no interest in forcing anything and ended up waiting roughly 2.5 hours for my first trade.
# My First Trade
Around 9:00am PT, SPX broke and retested yesterday’s low along with the opening range.
That gave me the structure I wanted for a **6-lot 7630/7610 PCS at $0.50**. I liked the entry quite a bit. SPX pushed lower almost immediately afterward, but because of where I entered and the distance I had, the spread was profitable almost from the start.
# Completing the Range
SPX later rolled back over and broke structure below yesterday’s low again.
On the close below that structure, I opened a **6-lot 7685/7705 CCS at $0.20**. The $0.20 credit wasn’t about chasing tiny premium. IV was lower, and I was intentionally prioritizing comfortable distance. My plan was to establish the position farther away and add if volatility gave me better pricing. That opportunity came during the next spike, when I added **1 more contract at $0.55**, bringing the CCS to 7 contracts total.
My PCS came under some pressure during the move lower, but nothing outside what I considered normal for the setup.
# Afternoon
SPX eventually made another strong push higher. By then, my CCS still had plenty of room. Near the top of the move I could have added the same spread again for roughly $0.30-$0.40, but I passed.
That ended up being one of the decisions I liked most today. I already had the exposure I wanted, and there was no reason to increase it just because premium improved.
SPX eventually ground lower again, leaving both sides safely OTM into expiration.
# Key Takeaway
A range thesis doesn’t require predicting every rotation. It means waiting for structure to give you opportunities on both sides, creating enough distance to survive the noise, and knowing when the position is already doing its job.
***Sometimes the best additional trade is the one you decide not to take.***