Podcast
Stock Market Options Trading
Hosted by Eric O'Rourke · EN
The Stock Market Options Trading Podcast is hosted by Eric O’Rourke, founder of https://AlphaCrunching.com, where a growing community of traders focus on short-duration SPX options strategies using a data-driven approach.
Join our podcast community over at https://www.stockmarketoptionstrading.net to improve your stock and options trading skills.
Check out the SMOT YouTube channel for quantitative options strategies and education here: https://www.youtube.com/stockmarketoptionstrading
For the Conservative Options Income Network run by Brian Terry:
https://www.stockmarketoptionstrading.net/spaces/12282222
10episodes
Episodes
Newest firstAll episodes
190: SPX Opening Range Breakout (ORB) Strategy Using 0DTE Call Debit Spreads (Part3)
2w ago00:14:14Tap to summarizeIn Part 3 of this series on building an automated SPX 0DTE portfolio, we explore the final strategy we've added to our growing mix of high-frequency, positive expectancy trades: the 30-minute Opening Range Breakout (ORB) Call Debit Spread.In previous episodes, we discussed the Trend Spread Engine (TSE) credit spreads and the End-of-Day Put Debit Spread (PDS). In this episode, we look at how the ORB strategy adds another layer of diversification by introducing a different combination of win rate, risk/reward, and market conditions.Topics discussed include:Why combining strategies with different win rates and risk/reward profiles mattersThe mechanics of a 30-minute Opening Range Breakout strategyWhy we're only trading upside ORBs above the 5-day moving averageThe importance of trade frequency and automationUsing one-minute confirmation for more consistent executionHow portfolio construction can reduce drawdowns and improve consistencyWhy position sizing matters more than any individual trade outcomeArticles Mentioned📈 30-Minute ORB Call Debit Spread Strategyhttps://www.alphacrunching.com/blog/30-minute-opening-range-breakout-orb-30-a-mechanical-0dte-call-debit-spread-strategy📉 End-of-Day Put Debit Spread Strategyhttps://www.alphacrunching.com/blog/spx-end-of-day-put-debit-spread-strategy-rules-backtest-and-automation📈TSE (Trend Spread Engine) 0DTE Credit Spread Strategyhttps://www.alphacrunching.com/blog/spx-0dte-credit-spread-strategy-using-time-trend-and-strike-selectionJoin Alpha CrunchingGet access to SPX trade research, weekly backtested trade setups, real-time alerts, automation options, and our growing community of SPX traders.👉 https://alphacrunching.comUse coupon code SPX50 for 50% off your first year.More About the Opening Range Breakout (ORB) StrategyThe Opening Range Breakout (ORB) is one of the most widely used day trading strategies across stocks, futures, and options markets. The concept is simple: traders allow the market to establish an initial trading range after the open and then look to enter positions when price breaks above or below that range, attempting to capture momentum and trend continuation throughout the trading session.The theory behind the ORB is that the opening period often contains important information about institutional positioning, overnight sentiment, and market direction. By waiting for the market to define a range before entering, traders attempt to avoid some of the noise and volatility that typically occurs immediately after the open.There are many variations of the ORB strategy. Traders may use opening ranges of 5, 15, 30, or 60 minutes and can trade breakouts in either direction using shares, futures, or options strategies. Additional filters such as trend direction, moving averages, volatility measures, volume, or market internals are often incorporated to improve performance and adapt the strategy to different market conditions.In this episode, we discuss how the ORB concept can be applied to SPX 0DTE options trading, how different risk/reward profiles impact performance, and why systematic execution and automation can play an important role when trading high-frequency strategies.
Transcribe →189: The Truth About Win Rate and Risk Reward (Part 2)
Jun 1200:13:42Tap to summarizeIn this episode, Eric continues the Automated Strategy Pipeline series by tackling one of the most misunderstood topics in trading: win rate.Many traders evaluate a strategy based on a single number: the percentage of winning trades. But a high win rate alone doesn't tell you whether a strategy is profitable, scalable, or even worth trading.Using real examples from his own SPX trading portfolio, Eric explains why win rate, average win, average loss, expectancy, and risk reward all work together to determine a strategy's long-term performance.Topics discussed include:• Why win rate by itself can be misleading• The relationship between win rate, average win, and average loss• Why a 30% win rate strategy can still have positive expectancy• The differences between credit spreads and debit spreads• How combining strategies with different risk/reward profiles may smooth portfolio returns• The role of trade frequency in systematic trading• Why automation makes it easier to consistently execute multiple strategies• How Alpha Crunching's new EOD Put Debit Spread complements the existing TSE 0DTE Credit Spread strategyEric also discusses how he is building a portfolio of automated SPX strategies designed to work together rather than relying on a single edge or market environment.Alpha Crunching:https://www.alphacrunching.com
Transcribe →188: Building An Automated Strategy Pipeline (Part 1)
Jun 400:15:36Tap to summarize🚀 Join Alpha Crunching and save 50% on your first year:https://www.alphacrunching.comGet weekly SPX forecasts, backtested trade ideas, trade alerts, Discord access, and research designed to help you trade with more confidence.In Episode 188, we're kicking off a new series on strategy research, development, testing, automation, and the mindset required to trade systematic strategies successfully.Many traders spend all their time looking for the next great trade. But what happens after you find an edge?In this episode, Eric discusses the concept of building an automated strategy pipeline and why finding a profitable strategy is only the beginning. You'll learn why markets constantly evolve, why every strategy has strengths and weaknesses, and why relying on a single trading system can create unnecessary risk.Topics discussed include:• Why successful traders should always be researching and testing new ideas• The benefits of automation beyond simply saving time• How Alpha Crunching's TSE 0DTE credit spread strategy fits into a larger portfolio approach• Why trade frequency matters when building confidence in a strategy• Credit spreads vs. debit spreads and diversifying risk/reward profiles• Building a portfolio of strategies instead of relying on a single edge• How community feedback, backtesting, and real-world execution help improve trading systems over timeWhether you're trading manually or exploring automation, this episode will help you think differently about developing and managing trading strategies for the long term.Alpha Crunching:https://www.alphacrunching.com
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187: This Week in the S&P500: SPX Levels, FOMC, and NVDA Earnings
May 1900:06:23Tap to summarizeThis week on the Stock Market Options Trading Podcast, Eric O’Rourke breaks down the current SPX market pullback, key support levels, upcoming FOMC minutes, and why Nvidia earnings could be a major catalyst for the broader market and AI trade.Eric also shares how the recent uptrend has continued to favor SPX put credit spreads, how the Alpha Crunching 7-day strategy has been performing, and what traders should be watching heading into the summer market environment.Topics include:SPX support and resistance levelsNvidia earnings and AI stock momentumFOMC minutes and interest rate expectationsZero gamma and put wall discussionTrading SPX put credit spreads in an uptrendManaging profits and pullbacksCurrent market sentiment and positioning📈 Learn more about Alpha Crunching: Alpha Crunching🔥 Get 50% Off Your First Year of Alpha Crunching Use code: SPX50Inside Alpha Crunching you'll find:Weekly SPX trade ideas0DTE TSE trade alertsBacktested options strategiesDiscord community & live discussionSPX market forecasts and research
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186: This Week in Options Trading - Market at Highs… Now What?
May 500:25:12Tap to summarize👉 Alpha Crunching (SPX data, trade ideas & alerts): https://alphacrunching.com 👉 Conservative Options Income Network (Brian Terry): https://stockmarketoptionstrading.netIn this episode, Eric sits down with returning guest Brian Terry from the Conservative Options Income Network to break down what’s shaping up to be another interesting week in the market.With the S&P pushing toward new highs—even with ongoing geopolitical headlines in the background—we talk through what that actually means for traders right now and how we’re positioning around it.We cover:Why this market still feels “underinvested” for a lot of tradersBrian’s recent synthetic stock trade and how he’s using options for leverageEric’s latest SPX credit spread setups and managing risk into the weekendThe impact of volatility, gaps, and why sometimes not trading is the best tradeThoughts on the potential removal of the PDT rule and what it could mean for 0DTE tradersBalancing short-term trades with longer-term positioning in a fast-moving marketAs always, this is a real-time conversation about what we’re actually seeing and trading—no hindsight, just process.
Transcribe →185: Inside My SPX Strategy with Option Omega
Apr 2800:32:26Tap to summarizeWatch the full video version of this episode:https://youtu.be/2RgGjxUe35w?si=m1BU5TwEq973he2kLinks & Discounts:Option Omega → https://optionomega.com (Use code SMOT for a discount)Alpha Crunching → https://alphacrunching.com (Use code SPX50 for 50% off your first year)In this episode, I sit down with Matt from Option Omega to break down how I’m using their platform to backtest and execute strategies from Alpha Crunching—with a focus on the Trend Spread Engine (TSE).We dig into the core problem many traders are facing right now: what should I actually be trading in this market? With volatility shifting, trends changing, and many swing strategies not triggering, the goal is to find something repeatable that can be traded consistently.That’s where the Trend Spread Engine comes in.We walk through:Why high-probability spreads alone don’t create an edgeHow intraday time-of-day + trend + strike selection changes outcomesThe idea of tracking trades every 15 minutes to uncover intraday seasonalityUsing a rolling 90-day dataset to adapt to changing market conditionsHow I turn that data into actual trades using Option OmegaWe also get into real examples of how certain time slots (like 10:30am vs 11:30am) rotate in and out of effectiveness—and how that impacts execution week to week.If you’re trading SPX options—or trying to build a more mechanical, data-driven approach—this is a great behind-the-scenes look at how I’m thinking about strategy development right now.
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184: This Week in the SP500: Market Holding Strong Near Highs
Apr 2000:20:57Tap to summarizeIn this episode, Eric and Brian Terry break down a market that just won’t quit—despite geopolitical tension, rising oil, and a packed economic calendar. With the S&P 500 hovering near all-time highs, the conversation dives into positioning, risk management, and where the real opportunities might be right now.🔗 Useful Links (Start Here)🌐 Alpha Crunching: https://alphacrunching.com🎧 Stock Market Options Trading Podcast: https://stockmarketoptionstrading.net💬 Join the Discord Community: (included with Alpha Crunching subscription)📊 Weekly TSE Report & Trade Setups: Available inside Alpha Crunching📈 Episode BreakdownThis week’s discussion centers around a tricky market environment—strong momentum on the surface, but plenty of uncertainty underneath.The market rallied over 4% last week and continues to hold near highs, even with rising oil and geopolitical concernsKey events this week include retail sales, PMI data, and a major appearance from the incoming Fed ChairDespite potential volatility, the market continues to show resilience, with dips getting bought quicklyEric shares how he’s navigating this environment:Sitting on higher cash levels after covered calls were assignedLooking for pullbacks to re-enter long positions or potentially deploy collar strategiesIncreasing focus on SPX 0DTE trades for short-term opportunities with defined riskBrian walks through a practical hedge idea using a broken wing butterfly on QQQ, highlighting:Favorable risk/reward structureAbility to profit even in downside scenariosA flexible way to hedge without tying up large capital⚡ Key TakeawaysShort-term uncertainty, long-term bullish tone continues to define the marketMany traders are holding cash, which could fuel continued dip-buying0DTE trading is gaining traction, especially with potential changes to PDT rules making it more accessibleGamma levels and options positioning suggest possible resistance near current levels, but nothing is guaranteed📊 Strategy FocusEric discusses leaning more into:Mechanical 0DTE credit spreads using the Trend Spread Engine (TSE)Staying active even when swing strategies aren’t triggeringUsing data-driven timing, trend, and strike selection to find edge intraday🎧 Listen OnAvailable on:Apple PodcastsSpotifyAnd all major podcast platformsIf you’re looking to stay active in this kind of market, this episode is a solid mix of macro perspective and actionable strategy ideas.
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183: This Week in Options Trading: Back Above 6900—Now What?
Apr 1400:21:17Tap to summarize🔗 Links & Resources👉 Alpha Crunching (SPX Options): https://alphacrunching.com👉 Brian Terry’s COIN Group: https://www.stockmarketoptionstrading.net👉 Podcast Episodes: https://www.stockmarketoptionstrading.com👉Latest YouTube video: https://youtu.be/qe_F_GE5PqoIn this episode, Eric O’Rourke and Brian Terry break down a wild stretch in the S&P 500, with the market ripping higher despite ongoing macro uncertainty and headline-driven volatility.They dig into what’s actually driving the move, why traditional indicators like the 200-day moving average aren’t carrying the same weight, and how traders can navigate a market that’s shifting quickly between fear and momentum.You’ll also hear insights on:Why this rally may be more about positioning than fundamentalsThe role of contrarian indicators like the put/call ratio and fear indexHow short-term options traders are adapting in this environmentReal trade examples and how risk/reward is being managed right nowIf you’re trading SPX options or just trying to make sense of this market, this episode gives you a grounded, real-time perspective from two active traders.Trading is better when you’re not going it alone—plug into the communities above to stay connected and keep improving.
Transcribe →182: 3 Reasons the Stock Market May Have Bottomed
Apr 300:06:55Tap to summarizeIn this episode of the Stock Market Options Trading podcast, host Eric O'Rourke breaks down three key reasons why a potential short-term bottom may be forming in the market.Despite ongoing geopolitical tensions and recent volatility, Eric walks through the signals that suggest the market may be stabilizing—and possibly preparing for a move higher.In this episode, you’ll learn:Why dip buyers stepping in during negative news could signal strengthWhat the recent drop in the VIX tells us about market sentimentHow stronger-than-expected economic data is influencing market directionWhy the market may already be looking past current headlinesHow short-term traders can think about longer-term market positioningEric also shares an important perspective on how the stock market tends to look months ahead—something many short-term traders often overlook.Whether you're trading SPX options or just trying to understand current market conditions, this episode offers a practical, data-driven view of what might come next.🔗 Resources & Links:Alpha Crunching (SPX trading tools, data, and community): https://alphacrunching.comStock Market Options Trading: https://www.stockmarketoptionstrading.netAbout the Host:Eric O’Rourke is the founder of Alpha Crunching, a growing community focused on data-driven SPX options trading strategies. Through research, backtesting, and real-time tools, Alpha Crunching helps traders identify high-probability opportunities in short-duration trades.
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181: This Week In Options Trading: What's Working Right Now
Mar 3000:19:59Tap to summarizeBrian Terry’s Conservative Options Income Group: https://www.stockmarketoptionstrading.netEric O’Rourke’s SPX Trading Community:https://www.alphacrunching.comTrading in a community gives you perspective, shared ideas, and support—far better than trying to figure it all out on your own.In this episode, Eric O’Rourke is joined by Brian Terry to break down how they’re navigating a highly volatile, headline-driven market. With uncertainty tied to global events and sharp intraday reversals, both emphasize that sometimes the best trade is no trade at all—and that sitting in cash can be a strategic edge.Brian shares how he’s staying active by focusing on strength in the energy sector, using diagonal call strategies and poor man’s covered calls on oil-related stocks showing relative strength. Rather than changing strategy structures, he explains how simply rotating into stronger sectors can maintain a bullish or neutral approach even in a weak market.Eric contrasts this with his SPX-focused approach, where many bullish credit spread strategies are no longer triggering. He discusses why “flipping” strategies (e.g., turning put spreads into call spreads) doesn’t always work, based on backtesting results. Instead, he’s adapting through shorter-duration trades, including 0DTE trend-based spreads, while being more selective—especially on volatile gap days.Check this Video: https://youtu.be/WLNR_5wf6YIThey also dive into:The impact of extreme intraday reversals on short-term tradingWhy timing (like the 10:30am window) can improve probabilitiesAdjusting position sizing and exposure during uncertain conditionsUsing moving averages (like the 100 and 200-day) to manage longer-term portfoliosThe challenge of knowing when to re-enter after going to cashThe episode wraps with a key reminder: markets like this require flexibility, patience, and discipline. You don’t need to force trades—wait for conditions to improve and protect capital so you’re ready when opportunities return.
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