Stock Market Options Trading
Join our trading community over at https://www.stockmarketoptionstrading.net to improve your stock and options trading skills. Want to level up your trading? Take the SPX Income Masterclass here: https://www.stockmarketoptionstrading.net/spaces/4688450/ Check out the SMOT YouTube channel for quantitative options strategies and education here: https://www.youtube.com/stockmarketoptionstrading For the SPX Premium Blog and Alerts, head over to Patreon here: https://www.patreon.com/VerticalSpreadOptionsTrading
157: SPX 0DTE Risk Free Profit Forest Walkthrough

🎧 Episode Description – SPX 0DTE Risk-Free Profit Forest
In this episode, Eric breaks down a risk-free SPX trade using the “Profit Forest” approach—where the focus is on locking in gains and building multiple profit zones on the risk graph, rather than chasing max reward with max risk.
📺 Watch the full video version of this trade on YouTube here: https://youtu.be/ONQCRfjrMZ0
📹 Also check out these related videos on risk-free 0DTE setups:
🌲SPX 0DTE Iron Butterfly Risk Free Walkthroughhttps://youtu.be/AUpTVV-a4sQ🌲SPX 0DTE Options Strategy: Risk Free Trade Walkthroughhttps://youtu.be/nSLOBTKgvmw
156: This Week In The S&P500: SPX Forecast, Levels, FOMC

SPX Market Outlook, FOMC Setup & This Week’s Trade Ideas"
In this episode of the Stock Market Options Trading Podcast, Eric breaks down the current SPX market setup heading into a big week of economic events, including Wednesday’s FOMC meeting. After last Friday’s selloff, the market rallied hard on Monday—highlighting the continued volatility.
Eric recaps last week’s inflation data (CPI, PPI), stronger-than-expected consumer sentiment, and why these may give the Fed room to ease up. He also walks through this week’s AlphaCrunching forecast, revealing a potential shift toward late-week weakness and how that...
155: This Week In The S&P500: Slowing Momentum Nearing All Time Highs

The S&P 500 is closing in on all-time highs, but is momentum starting to fade? In this episode, Eric O’Rourke breaks down the key SPX levels to watch, including major option walls, falling volatility, and upcoming economic events like CPI and PPI that could shake things up.
You'll also get a look at this week’s Alpha Crunching trade ideas and market forecast, plus how Eric is managing a mix of put and call credit spreads to stay balanced as the uptrend continues.
🔹 Get 50% off Alpha Crunching tools with code SPX50 at AlphaCrunching.com
🔹...
154: Trading in Retirement: Tips for Consistent Income and Low Stress

In this episode, I’m joined by longtime trader and retiree Brian Terry to talk about the realities of trading in retirement. We cover how trading can keep your mind sharp, add structure to your day, and become a fulfilling part-time income stream. Brian also shares practical tips for managing risk, avoiding overtrading, and staying consistent—especially when you’re no longer working a 9–5.
👉 Come join the free community at StockMarketOptionsTrading.net where Brian and I hang out and discuss trades in real time. You’ll also find on-demand courses and our private trading group where we post trade al...
153: SPX Options Setup After Surprise EU Tariff News

In this week’s episode of the Stock Market Options Trading Podcast, Eric recaps last week’s pullback in SPX, driven by fresh EU tariff headlines, and how the forecast data from Alpha Crunching has responded. He highlights the shift in market tone based on the Average Strength Deviation (ASD) metric, which has now gone negative — a potential warning sign for deeper weakness ahead.
👉 You can access the Average Strength Deviation (ASD) indicator and all Alpha Crunching forecast tools at https://AlphaCrunching.com — use code SPX50 for 50% off your first plan.
Eric also walks through a potential...
152: S&P 500 Shrugs Off Credit Downgrade? | Broken Wing Butterfly Setup

This week on the Stock Market Options Trading Podcast, I'm joined by fellow trader Brian Terry as we break down the market’s reaction to the Moody’s U.S. credit downgrade, recent economic data, and the relentless uptrend in the S&P 500. We dive into current market sentiment, the Fed’s role this week, and a few trade setups we’re watching closely—including a bullish broken wing butterfly on DASH and a 7-day SPX put credit spread from the AlphaCrunching.com trade ideas tab.
We also touch on using tools like SpotGamma levels, Truflation, and how we're...
151: This Week In The S&P500: Your Charts Might Be Lying...

📈 Volatility, Indicators, and the SPX Weekly Forecast | Episode 151
In this episode of the Stock Market Options Trading Podcast, I cover how volatile price action can distort technical indicators—and what that means for traders. Using Alpha Crunching’s SPX Weekly Forecast as an example, we look at how past outlier moves (like the recent tariff news spike) are dropping out of the data and shifting indicator readings.
I also walk through:
Why this week’s forecast still looks bullish despite a lower net gainThe impact of recent news and options positioning on key SPX levelsPot...150: SPX Forecast After 9-Day Rally | Iron Condor Strategy Adjustments

📈 First Video Podcast, SPX Forecast After 9-Day Rally, Iron Condor Adjustments & Market Forecasts
Watch the video here: https://youtu.be/Pk22BcCBfn0
Welcome to episode 150 of the Stock Market Options Trading Podcast! 🎉
This week’s special episode marks our very first video podcast — now available on YouTube and your favorite audio platforms like Apple and Spotify. If you're watching on YouTube, don’t forget there are 149 audio-only episodes full of SPX options strategies, technical analysis, and educational content.
In this episode, Eric breaks down:
🔴 Why he’s wearing a red shirt (hint...
149: This Week In The S&P500: Trading Iron Condors and Truflation

Welcome back to the Stock Market Options Trading Podcast! I'm your host, Eric O'Rourke, and in this episode I break down the latest market action, key technical levels, and how I’m trading SPX options during this volatile stretch.
📉 This week, the S&P500 dropped over 2% to start the week as uncertainty around tariffs continues to dominate headlines. I talk through how I’m navigating the range-bound market with iron condors and why I'm keeping trades short and wide.
📊 I also share insights from Alpha Crunching’s Weekly Triumph Rate (WTR), which remains below 50% across the board —...
148: This Week In The S&P500: Tariff Turmoil, Fed Caution, and a Choppy Bounce

In this episode, Eric recaps last week's wild ride in the S&P 500, driven by tariff headlines, a surprise 90-day pause, and a sharp oversold rally. He covers key economic data—including CPI, PPI, and sentiment numbers—and why they paint a mixed inflation picture.
Eric also shares the latest SPX levels he's watching, how he's positioning with an iron condor, and what Alpha Crunching's updated weekly forecast reveals about the current choppy trend. This is still a headline-driven market, and patience remains key.
Want to connect? Find me on X:
Eric O'Rourke: http...
147: This Week in the S&P500: Market Volatility, Tariffs, and Fed Speculation

In this episode, Eric discusses the sharp market selloff following the surprise "Liberation Day" announcement, ongoing tariff drama, and how global markets are reacting. He breaks down key SPX levels to watch (4900, 5000, 5100), headline-driven price action, and what the Fed’s emergency closed-door meeting might mean for traders. Eric also revisits a simple bear market hedge from a previous episode, explains why he's currently sitting in cash, and shares what he's watching for potential long-term buys. It’s a fast-moving week—stay nimble and patient.
Want to connect? Find me on X:
Eric O'Rourke: https://twitter.com/Op...
146: This Week in the S&P500: How to Stay Defensive Without Going Short

In this episode of the Stock Market Options Trading podcast, Eric welcomes back guest Brian Terry to discuss navigating the current choppy and volatile market. They cover the recent 10% correction in the S&P 500, key economic events for the week (including reciprocal tariffs and Powell’s upcoming comments), and how market levels like the 200-day moving average are influencing trading sentiment.
Brian shares how he's using in-the-money covered calls to generate income with downside protection, even during pullbacks. They dive into sector rotation—highlighting strong performers like gold (GLD), utilities, and dividend stocks—and explain the mechanics behind...
145: This Week in the S&P500: Market Rally, Key Levels & SPX Trade Setups

In this episode, Eric recaps the latest market action as the S&P 500 breaks back above the 200-day moving average following a strong Monday rally. He covers key levels from SpotGamma.com, including updated put and call walls, and discusses this week’s major economic events like GDP, Core PCE, and Consumer Sentiment.
Eric also shares a few SPX trade setups from Alpha Crunching, including a bullish 7-day put credit spread using the Weekly Triumph Rate, and explains how he's navigating recent market volatility by staying mechanical.
Use code SPX50 for 50% off your first month at...
144: A Simple Bear Market Hedging Strategy

📢 Read the full blog post with charts and performance data:
https://www.alphacrunching.com/blog/bear-market-hedging-strategy
Summary:
In this episode of the Stock Market Options Trading Podcast, we break down a bear market hedging strategy that just triggered given the current market conditions.
Right now, SPX is down about 10%—a textbook correction—but it’s also trading below the 200-day moving average, which we’re using as a key reference point for this strategy. While some traders debate whether this qualifies as a bear market, the real focus is on objective, rule-based...
143: This Week In The S&P500: Volatile Trading Range

In this episode of Stock Market Options Trading, host Eric O'Rourke recaps a wild week for the S&P 500, including a sharp sell-off, extreme volatility, and a bounce off key support near SPX 5800. 📉📈
🔎 Key Topics Covered:
✅ SPX range update: 5800-6200 🎯
✅ Bullish trades not triggering and why patience pays
✅ How Eric used iron condors to trade the chop ⚙️
✅ Why the Fed’s rate cut timeline is shifting 📅
✅ Key events this week: PMI, jobless claims, NFP, and Powell speaking 💼💬
💡 Pro Tip: When markets get wild, risk/reward matters more than ever—and Eric explains...
142: This Week in the S&P500: False Breakout

In this episode of Stock Market Option Trading, host Eric O'Rourke breaks down last week's failed SPX breakout and the sharp sell-off on Friday 📉. He recaps key economic events, including FOMC minutes 🏦, jobless claims 📊, and PMI data 📉, and discusses what to watch for this week, such as GDP 📈, jobless claims 💼, and core PCE 💵.
🔥 Options Flow Insights: Eric dives into recent bearish options activity, key market levels, and how Alpha Crunching's trade setups are adjusting to the current conditions.
🚀 Trading Automation Update: Exciting news! Eric shares details on a new automation tool 🤖 he's testing to streamline mechanical trading strategies—...
141: Bull Call Spreads Vs. Bull Put Spreads

Click Here for the SPX Income Masterclass discussed in this week's episode.
In this episode of the Stock Market Option Trading podcast, host Eric O’Rourke dives into the key differences between bull call spreads and bull put spreads, breaking down their mechanics, risk-reward profiles, and how to manage them effectively.
Eric explains why bull call spreads, which are debit trades, require a directional move to profit, while bull put spreads, as credit trades, can benefit from time decay. He also discusses strike selection, risk-reward considerations, and win rates, helping traders determine which strategy aligns be...
140: This Week In The S&P500: Powell and Inflation

For the week of February 10, 2025, SPX will likely be driven but Powell's testimony along with core CPI and Core PPI inflation reports.
Mentioned in this episode is trade idea for Tuesday.
Here's the link: https://www.alphacrunching.com/blog/7dte-put-credit-spread-strategy-for-spx-weekly-options
Get more S&P500 insights at https://www.AlphaCrunching.com/blog
Join me next week as we navigate the stock market focusing on the S&P500.
Want to connect? Find me on X:
Eric O'Rourke: https://twitter.com/OptionAssassin
After that, join other listeners at...
139: This Week in the S&P500: Tariff Drop

Another bearish Monday on the back of Tariff announcements out of Washington. The market continues to hold up relatively well given these week over week news events. Last week it was AI news out of China and now tariff talk.
Get more S&P500 insights at https://www.AlphaCrunching.com/blog
Economic events, options positioning, and technical indicators to get your ready for the week.
Join me next week as we navigate the stock market focusing on the S&P500.
Want to connect? Find me on X:
Eric O'Rourke...
138: This Week in the S&P 500: Bulls in Trouble?

Markets dropping hard today on the back of the DeepSeek AI company out of China which has achieved notable results using much less compute and resources that we've seen over the past year or so. NVDA down over 10% on this news and dragging the market down with it.
Get more S&P500 insights at https://www.AlphaCrunching.com/blog
Economic events, options positioning, and technical indicators to get your ready for the week.
Join me next week as we navigate the stock market focusing on the S&P500.
Want to connect...
137: SPY Call Buying Strategy Research(53% Win Rate, 2:1 Risk Reward)

In this episode, we explore a SPY call-buying strategy with a 53% win rate and a 2:1 risk-reward ratio. This strategy, built on data and technical analysis, is designed for consistent execution and measurable results.
The audio for this show is from a recent YouTube video.
Here's the link if you interested in the video version: https://youtu.be/eTLqr8TWstA
Blog Post: https://www.alphacrunching.com/blog/buying-spy-call-options
SPY Call Buying Video Course: https://www.stockmarketoptionstrading.net/spaces/17635818
Key Strategy Highlights:
Core Strategy:Buy SPY calls (Delta 70) on...
136: The Most Important Skill in Options Trading (And Why Many Ignore It)

Position Sizing: The overlooked key to options trading success.
I had a great discussion with John Einar from ThetaProfits.com where discussed one of the most overlooked aspects of trading which is positions sizing.
Check the full episode here: https://www.thetaprofits.com/position-sizing-the-overlooked-key-to-options-trading-success/
Watch the interview on YouTube here: https://www.youtube.com/watch?v=Ev-OyVE3heg
Want to connect? Find me on X:
Eric O'Rourke: https://twitter.com/OptionAssassin
After that, join other listeners at https://StockMarketOptionsTrading.net and join the community for free right...
135: This Week In The S&P500

Get more S&P500 insights at https://www.AlphaCrunching.com/blog
Economic events, options positioning, and technical indicators to get your ready for the week.
Join me next week as we navigate the stock market focusing on the S&P500.
Want to connect? Find me on X:
Eric O'Rourke: https://twitter.com/OptionAssassin
After that, join other listeners at https://StockMarketOptionsTrading.net and join the community for free right now where there are daily posts with clues to the where the market may be headed next.
Also...
134: This Week In The S&P500

Get more S&P500 insights at https://www.AlphaCrunching.com/blog
Economic events, options positioning, and technical indicators to get your ready for the week.
Join me next week as we navigate the stock market focusing on the S&P500.
Want to connect? Find me on X:
Eric O'Rourke: https://twitter.com/OptionAssassin
After that, join other listeners at https://StockMarketOptionsTrading.net and join the community for free right now where there are daily posts with clues to the where the market may be headed next.
Also...
133: SPX vs. SPY: 10 Major Differences

10 Major Differences Between SPY and SPX Options
SPY and SPX give you exposure to the S&P 500, but these options have key differences you should know before getting started.
Paying Dividends
SPX does not pay a dividend, but SPY does. Dividends may not seem relevant because someone buying options does not own shares. You only receive the dividend if you own the shares before the ex-dividend date.
But the dividend is relevant for options traders. Some traders may exercise SPY options early to be on time for the dividend. An ex-dividend al...
132: Options Position Sizing Case Study

In this special Thanksgiving episode of the SMOT podcast, I want to take a moment to say thank you for being a dedicated listener. Wishing you and your family the very best this holiday season!
Today, we’re diving into a case study on options position sizing. I recently posted a video on YouTube where I compared the same trading strategy across different account sizes and allocations to see how position sizing can dramatically impact performance. In this episode, you’ll hear the audio from that video.
Here's the link: https://youtu.be/ThDgXklMG40
If...
131: All Time Stock Market Highs! Now What?

In this episode, we'll cover some thoughts at what to think about the market here has we're hitting new all time highs post US Election. We've got several key economic reports coming this week too around inflation and the labor market.
Want to connect? Find me on LinkedIn or X:
Eric O'Rourke: https://www.linkedin.com/in/jericorourke/
Eric O'Rourke: https://twitter.com/OptionAssassin
After that, join other listeners at https://StockMarketOptionsTrading.net and join the community for free right now where there are daily posts with clues to the where...
130: GOOGL Earnings Trade Success

In this episode, I walk through my recent GOOGL earning trade in which I held shares into the earnings event but added a risk free collar trade for protection. As you'll hear, the collar trade caps my upside but gives some downside protection in case the stock were to rollover.
At the time of this posting, GOOGL was up a little over 5% on an earnings pop and I've since exited most of the trade for profit.
Feel free to reach out to your host Eric O'Rourke on Twitter for any follow up questions, comments, or...
129: Case Study: Take Profits Early or Hold To Expiration?

In this episode, we'll dive into an options strategy and compare backtest results of holding the trades to expiration, aka HTE, versus taking profits at 50% of the max gain. We'll discuss some of the less discussed nuances of a strategy like this that may get you thinking about which is best for you and your trading style and risk tolerance.
Here's the link to the video discussed in the episode that explains the strategy:
https://youtu.be/2sM-6QTWWz8
Check out the Alpha Crunching Blog for more strategies like the one in today's...
128: The New Spot Gamma TRACE Indicator Explained

In this episode, we have Brent Kachuba from Spot Gamma on to discuss their newly released game changing indicator called TRACE.
The TRACE indicator is expertly designed to show options positioning from a dealer's perspective in a heat map form making it so much easier to structure various types of trades.
If you are an SPX weekly options trader, pay close attention to this episode and use this link to learn more:
https://spotgamma.com/trace-the-market-vertical-spread-academy/?aff=VSacademy
Be sure to follow Spot Gamma on X at: https://twitter.com/spotgamma<...
127: The Psychology of Automated Trading w/ Mike Christensen of TradersPost.io

Greats discussion this week around the psychology of automated trading with Co-Founder Mike Christensen of TradersPost.io.
Traders Post allows you to automate trades using buy and sell signals from platforms like Trading View and Trend Spider.
Even though automated trading can reduce human execution errors, the psychology of automated trading is still something traders have to grapple with despite offloading some of the work to an algo rhythm.
Feel free to reach out to Mike or Eric on Twitter for any following questions, comments, or feedback.
Mike Christensen: https://twitter...
126: For Every Strategy, Cash Is A Position

Patience and discipline are a big part of trading and when you are executing on a strategy, its important to understand that being in cash and not in a particular trade is part of that strategy.
Want to connect? Find me on LinkedIn or X:
Eric O'Rourke: https://www.linkedin.com/in/jericorourke/
Eric O'Rourke: https://twitter.com/OptionAssassin
After that, join other listeners at https://StockMarketOptionsTrading.net and join the community for free right now where there are daily posts with clues to the where the market may be headed...
125: What the Books Don’t Teach About Vertical Spreads

Updated options trading research now available in the SPX Income Masterclass geared towards beginners with small accounts and for those who don't want to watch the market all day. The strategies included in this Lifetime Access and Updates course are mechanical in nature and lend themselves to automated trading which is also discussed in the course.
Here's the link to the SPX Income Masterclass:
https://www.stockmarketoptionstrading.net/spaces/4688450
In this episode, I discuss something about vertical spreads that options education books typically don't include. We'll explore comparing buying a single call option...
124: S&P 500 Navigator: Short Term Bearish Thesis and Trade Idea

If you trade the S&P500, then this series is for you. In the S&P500 Navigator series, we'll discuss current market conditions including options positions, major economic events, and AlphaCrunching.com's Triumph Rates for trading short term SPX weekly options.
In this episode, we'll talk about a trade idea to express a short term bearish thesis of SPX making a move to its 200sma over the next week or so.
The key takeaway is that you are able to create trade structures with options to express you r idea of what you think the...
123: My Secret To Staying Profitable Over Time

Updated options trading research now available in the SPX Income Masterclass geared towards beginners with small accounts and for those who don't want to watch the market all day. The strategies included in this Lifetime Access and Updates course are mechanical in nature and lend themselves to automated trading which is also discussed in the course.
Here's the link to the SPX Income Masterclass:
https://www.stockmarketoptionstrading.net/spaces/4688450
In this episode, I'll discuss what I think my secret is to staying profitable over time.
Want to connect with myself? Find...
122: Hedging With a Put Spread Collar

As the market continues to defy gravity and hit new highs every week it seems, you may be thinking about how you can protect any stocks you may be holding.
In this episode, we'll discuss a put spread collar trade which can allow you to get some downside protection while at the same time giving you room for more upside participation.
I came across this trade idea on X and brought Jon on the show to walk us through it.
Here's Jon's Twitter if you want to check him out: https://twitter.com...
121: S&P 500 Navigator: New All Time Highs on SPX. Now What?

If you trade the S&P500, then this series is for you. In the S&P500 Navigator series, we'll discuss current market conditions including options positions, major economic events, and AlphaCrunching.com's Triumph Rates for trading short term SPX weekly options.
Want to connect with myself? Find me on LinkedIn and X:
LinkedIn https://www.linkedin.com/in/jericorourke/
X(Twitter): https://twitter.com/OptionAssassin
After that, join other listeners at https://StockMarketOptionsTrading.net and join the community for free right now where there are daily posts with clues to the...
120: Caitlin Clark is the NVDA of the WNBA

Caitlin Clark is the NVDA of the WNBA and Cathie Wood is Team USA.
In today's episode, we'll go over some similarities between these two powerhouses who both have strong momentum and putting up staggering numbers in their respective domains.
But the decision to leave Clark off Team USA for the 2022 Summer Olympics is like cutting your winners short leaving millions of dollars on the table.
Want to connect with myself? Find me on LinkedIn:
Eric O'Rourke: https://www.linkedin.com/in/jericorourke/
After that, join other listeners at...
119: Choosing Your Profits and Losses

When researching a new trading strategy, its important to not only look at things like total profit and win rate, but its just as important to look at the P/L curve of the strategy to determine if its something you'll actually be able to trade.
In this episode, we'll discuss some of the nuances that the P/L curve can give you as opposed to just profits, wins, and losses.
Here's the link to System #3 mentioned in the episode to get some context around the P/L curve that was discussed:
Click...
118: Applying First Principles to Options Trading

Erik Smolinski is back on the show to talk about applying the concept of First Principles to options trading. Erik is behind the esInvests YouTube channel where he puts out regular content around trading.
I had so much fun in the conversation talking about out approaches to options trading these days, how we have evolved over time, backtesting, psychology, and so much more. I hope you find this show as entertaining as it was to create.
To connect with Erik, check out his links below.
esInvests on YouTube: https://www.youtube.com/esinvests<...