I have found it's better to trade $SPX from yearly Fib Pivots. Sort of like having $SPX run into your trade. It's where you make the best hits. Sort of like this: Filled Buy to Open 1 SPX Aug 18 2017 2465.0 Put Limit 3.00 -- 11:06:52 08/16/17 Filled Sell to Close 1 SPX Aug 18 2017 2465.0 Put Limit 26.00 -- 15:10:55 08/17/17 That was a Pivot low to a Pivot high. Only need one per week.