A tactical playbook for serious retail traders. Hosted by seasoned options professionals, this podcast delivers institutional-level insights on automated options trading with defined risk strategies and capital precision. Each episode is engineered for clarity and impact, covering everything from trade setup to allocation and risk control. You'll hear the logic behind every move, the rules behind consistent returns, and the mechanics professionals use to sidestep the costly mistakes most ret ...
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Spx Options Podcasts
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/VerticalSprea ...
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Welcome to Options Playbook Radio - the program where we break down cutting edge options strategies and explain how you can incorporate them into your own portfolio. Whether you're looking to grow your capital with some offensive maneuvers or protect your investments with defensive plays, you can find them all in the Options Playbook. Options involve risk.
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172: The 0DTE Trend Spread Engine: Building in Public
17:09
17:09
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17:09In this episode, Eric breaks down the core ideas behind the 0DTE Trend Spread Engine (TSE) and how it fits into the broader Alpha Crunching philosophy of trading probabilities, not predictions. The TSE is built to systematically identify high-probability SPX credit spread ideas by combining intraday trend, time-based structure, and defined risk. Ra…
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171: Stock Market Update and Economic Events This Week
11:03
11:03
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11:03In this episode, we'll cover the key levels based on options positioning and the large range the S&P500 has been in since October. We'll review the Fed's dual mandate and why so much attention is paid economic reports involving jobs, inflation, and rate cuts. We've got some major economic events happening this week that will likely decide the next …
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Bull Put Spread Strike Selection: Delta, Support, and Volatility
12:17
12:17
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12:17Send us a text This episode presents a comprehensive, systematic methodology for selecting optimal strike prices for bull put spread options, asserting that correct strike choice is paramount for successful trading. The core of this logic is the use of delta, which represents the probability an option will expire worthless, with the hosts favouring…
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AI in Options Trading: Works, Pitfalls, and Human Role
13:47
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13:47Send us a text This episode is an article providing a deep dive into the application of Artificial Intelligence (AI) in options trading as of 2025. The hosts examine where AI successfully adds value, such as in advanced pattern recognition, signal filtering, and adaptive risk modelling, stressing that AI acts primarily as a high-speed analytical as…
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Options Playbook Radio 460: Slinging 0DTE Butterflies in SPX
12:54
12:54
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12:54HOST: Brian Overby, Options Playbook Here is a Monday trade and a Friday expiration trade. Open-Wing Butterfly in SPX with either 0DTE (Nov 10) or Friday Nov 14th Buy 1 SPXW Nov 10th 6785 Strike Call Sell 2 SPXW Nov 10th 6800 Strike Call Buy 1 SPXW Nov 10th 6805 Strike CallBy The Options Insider Radio Network
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Send us a text This episode is a financial guide explaining how options traders can proactively spot and prepare for IV Crush, a common phenomenon where option premiums rapidly decrease after a major event due to a collapse in implied volatility (IV). The hosts focus on two specific metrics, IV Rank and IV Percentile, which quantify whether the cur…
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In this episode, I’m walking through an SPX Iron Condor setup I’m pricing out as volatility continues to rise and the market dips below key moving averages. Here's the link the video version: https://youtu.be/0NAAbb6bbcI When volatility spikes, option premiums expand — and that’s when I like to sell Iron Condors on SPX for wider ranges and better c…
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169: 💡 LEAP Call Strategy for Options Income with Brian Terry
10:38
10:38
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10:38In this episode, Brian shares his LEAP call strategy — a flexible options approach that uses long-dated calls as a stock substitute while selling weekly calls for steady income. He breaks down real trade examples on NVIDIA, Google, and other names, showing how the strategy can generate solid returns with less capital than owning shares outright. Yo…
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Options Playbook Radio 459: Amazon Earnings: The Open Wing Butterfly
10:56
10:56
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10:56HOST: Brian Overby, Options Playbook Radio The OPR strategy today is an Open-Wing Butterfly Spread on AMZN ahead of the company's earnings announcement after the close today, Thursday, October 30th. BUY +1 AMZN 31 OCT 235 STRIKE CALL SELL -2 AMZN 31 OCT 245 STRIKE CALL BUY +1 AMZN 31 OCT 250 STRIKE CALL NET DEBIT $2.18…
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Send us a text This episode provides an extensive guide to the Iron Condor strategy, a defined-risk options setup designed to generate profit when the market experiences low volatility and trades within a tight, sideways range. Authored by an institutional options trader, the guide meticulously explains that this strategy is constructed by combinin…
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168: SPX Levels, Weekly Trade Setups & a Profitable LEAP Strategy
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27:00In this episode, Eric and Brian kick off the week with a look at the SPX options market, recent price action, and key gamma levels heading into FOMC week. Eric recaps his recent put credit spread trades from Alpha Crunching, discusses how he’s managing new positions into record highs, and explains how he’s balancing bullish exposure with call credi…
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Send us a text This episode offers a detailed comparison of the term "credit spread" as it is used in two different financial markets: bonds and options trading. In the bond market, the credit spread measures the yield difference between a risky bond (like corporate debt) and a risk-free bond (such as a U.S. Treasury), thus reflecting perceived def…
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Send us a text This episode provides a detailed comparison between credit spreads and debit spreads, which are defined-risk options strategies used by traders, particularly on SPX and SPY indices. It explains that a credit spread involves receiving a net premium upfront and profits when the market remains stable or moves slowly, capitalising on the…
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In this episode, Brian breaks down a bullish put diagonal strategy he’s been testing on individual stocks — a twist on the traditional diagonal that behaves more like a cash-secured put with built-in protection. He explains how he buys a longer-dated put and sells weekly puts against it to steadily collect premium, manage risk, and generate consist…
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166: 📈SPX Rebounds Hard — What Last Week’s Selloff Really Taught Us
15:53
15:53
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15:53👉 Join us live every Monday at StockMarketOptionsTrading.net to be part of the next Zoom call and get your questions answered in real time. 📈 Market Recap & Trading Lessons: 🚀 Big rebound after last week’s 200-point SPX drop — market shakes off China tariff and shutdown worries 🍏 Apple headlines and possible government deal spark optimism 📊 Moving …
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Credit Spread Risks: Loss, Assignment, and Risk Management
19:20
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19:20Send us a text This episode provides an extensive guide to the risks associated with credit spreads, an options trading strategy often confused with being risk-free despite having defined potential losses. Authored by an institutional options trader, the text covers critical dangers such as Max Loss calculations, the specific threat of Assignment R…
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Automated Options Trading: The 2025 Ultimate Guide
17:27
17:27
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17:27Send us a text This episode provides an ultimate guide to automated options trading for 2025, promoting services from Advanced AutoTrades built by an institutional veteran. It explains how automation works, detailing a four-step process from strategy selection to execution via bots, and champions defined-risk strategies like credit spreads and iron…
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How Does a Credit Spread Work? Mechanics and Formulas Explained
19:31
19:31
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19:31Send us a text This episode provides an extensive guide to credit spreads, an options trading strategy designed to generate consistent returns while defining maximum risk upfront. It explains that a credit spread involves selling one option and buying another at a different strike price to collect a net premium, which represents the maximum profit,…
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🎯 Get 50% off AlphaCrunching.com with code SPX50 — your edge for data-driven SPX option strategies. In this episode, Eric O’Rourke breaks down what happens when an uptrend breaks — and how traders can stay grounded when volatility spikes. He covers the recent tariff shock, key SPX levels to watch (6650–6800), and why the market’s recovery above the…
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What Is a Credit Spread? Strategy, Examples & Risks
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18:21Send us a text This episode provides an extensive explanation of credit spreads, an income-generating options strategy defined by selling one option and buying another at a different strike price, thereby collecting a net premium. It details how these defined-risk strategies work, offering concrete examples such as the Bull Put Spread used on the S…
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Options Playbook Radio 458: Slinging VIX Butterflies
10:08
10:08
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10:08Brian's latest actionable trade idea...a VIX butterfly! Trade Breakdown Butterfly spread entry with 1 buy and 2 sell orders VIX 22 OCT 25 AM options at strikes 15, 20, and 22 Call type with a debit order at 1.65 price Quantities: +1, -2, +1 respectivelyBy The Options Insider Radio Network
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Cash vs. Margin Account Basics for Options Trading
9:24
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9:24Send us a text This episode provides an educational overview concerning the differences between cash accounts and margin accounts for options trading. A cash account mandates that the customer must possess the full amount of funds for any security purchased, precluding the use of leverage. Conversely, a margin account permits the broker to loan the…
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164: Expectancy vs. Win Rate: What Really Matters
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19:47
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19:47In this episode of the Stock Market Options Trading Podcast, Eric dives into the concept of expectancy—a key metric that blends win rate, average win size, and average loss size into one number that helps traders understand whether a strategy has a real edge over the long run. We break down why a high win rate alone doesn’t guarantee profits (think…
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Decoding the VIX: How the "Fear Index" Calculates Market Movements and Prices
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9:00Send us a text The episode provides an educational overview of the VIX, which is the ticker symbol for the CBOE Volatility Index and is frequently called the "Fear Index" by investors. This index functions by measuring the implied volatility of S&P 500 options, which helps in determining if option pricing is relatively expensive or cheap. The VIX r…
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163: FOMC Whipsaw, New Highs & Practical Income Setups
37:36
37:36
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37:36This episode centers on navigating markets at all-time highs after last week’s FOMC head-fake. We discuss how to balance staying long with reducing risk, trimming SPX put-credit spreads, and the trade-offs of skipping entries during volatile weeks. Brian joins to walk through his weekend watchlist and three core income strategies: in-the-money cove…
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Options Playbook Radio 457: How to Play the All-Time Highs in Gold Using GLD Options
7:55
7:55
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7:55On this episode Brian breaks down a GLD Butterfly: GLD SPDR Gold Trust: $338.75 (up 3.09%), GLD Long Open-Wing Butterfly: Debit Mid $3.00 Leg 1: Buy to Open, 1, 2025-09-19, Strike 345.00, PUT Leg 2: Sell to Open, 2, 2025-09-19, Strike 339.00, PUT Leg 3: Buy to Open, 1, 2025-09-19, Strike 337.00, PUT Max Risk: $300 per 1x2x1 Spread Executed Max Rewa…
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Join us for another live session of the Stock Market Options Trading Podcast with Eric and co-host Brian as we dive into trading SPY options. We start by comparing SPY vs SPX — looking at the key differences in contract size, settlement style, tax treatment, and liquidity. Brian also shares details on his Delta Neutral “double diagonal” strategy wi…
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Optimal Order Entry: 8 Tips for Faster Options Fills
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17:01Send us a text This episode provides eight key tips for options traders aiming to improve trade execution speed and pricing. The advice emphasises the importance of patience, suggesting that forcing trades is rarely beneficial. We also recommend using "odd" lot sizes for orders and "legging into" complex strategies by entering individual components…
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161: Option Omega Review, Backtest, Strategy, and Automation
1:26:22
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1:26:22🎁 50% OFF: Option Omega (code SMOT) • Alpha Crunching (code SPX50) — grab both and build + automate your SPX playbook. This episode is a fun, nerdy deep-dive with Troy and Matt from Option Omega. We cover how to build realistic backtests for options (especially 0DTE) and when it makes sense to automate entries/exits so you’re not chained to the scr…
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Options Playbook Radio 456: A Great NVDA Options Play
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8:09Brian Overby is back with a great NVDA options play.By The Options Insider Radio Network
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Send us a text This episode differentiates between historical volatility and implied volatility in options trading. Historical volatility quantifies past price fluctuations of a stock, often expressed as an annualised standard deviation of its movements over a specific timeframe, typically calculated using actual trading days. Conversely, implied v…
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160: This Week in Options Trading: INTC, Broken Wing Butterfly, SPX 0DTE
47:40
47:40
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47:40This Week in Options Trading with Eric & Brian 🎙️📈 In this episode, Eric and Brian recap a volatile week in the markets, share updates on recent SPX trades, and walk through trade setups they’re watching. Topics include: Last week’s market moves, Powell’s comments, and how they affected options positions An Intel trade idea: building a position wit…
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Option Moneyness: ITM, OTM, & ATM Explained
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15:54Send us a text This episode primarily explains option moneyness, categorising options as in-the-money (ITM), out-of-the-money (OTM), or at-the-money (ATM) based on the strike price's relationship to the underlying stock price. It clarifies how these classifications apply differently to call options and put options, offering examples to illustrate e…
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159: This Week in Options Trading: SPX Credit Spreads, ANET Diagonal Spread
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47:29Welcome to the first segment on the show of This Week in Options Trading with Eric O’Rourke and Brian Terry! We’ll be going live every Monday at 12pm ET to share option strategies, market setups, and answer community questions in real time. 👉 To RSVP for future live sessions: https://stockmarketoptionstrading.net/events In this kickoff episode, Eri…
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Send us a text This episode explains how "Greeks" measure an option's sensitivity to market variables. These "Greeks" are Delta, Gamma, Theta, Vega, and Rho, each representing a specific influence on an option's price. Delta indicates price change based on underlying stock movement, while Gamma measures the rate of change in Delta. Theta quantifies…
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158: This Week In The S&P500: Two Primary Drivers of the Stock Market Right Now.
9:51
9:51
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9:51In this week's episode, we cover the major economic reports and catalysts driving the markets and what caused the current break in the uptrend. 🎥 Mentioned in this episode: Check out the latest YouTube video where Eric explains how the ASD indicator from Alpha Crunching helps spot slowing momentum and potential SPX trend reversals — before they hap…
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Send us a text This episode explores the concept of automated options trading, addressing common concerns about its safety and efficacy. It identifies key risks such as technical failures, market volatility, and strategy flaws, while also offering methods to mitigate these dangers, emphasising the importance of reliable brokers and defined-risk str…
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Option Profit & Loss Diagrams: P&L Secrets Explained
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13:46Send us a text This episode focuses on understanding option profit and loss (P&L) diagrams. These diagrams are visual representations that illustrate how an options strategy's profitability changes based on the underlying asset's price at expiration. The hosts explain how to interpret these graphs, identifying key elements like break-even points, m…
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The Best Options Trading Alert Service in 2025 | Up to 235% Annual ROI
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20:05Send us a text This episode talks about options trading alerts. It details three distinct service tiers—each tailored to different trading styles, risk tolerances, and schedules, boasting verified historical performance and average annual returns. The hosts explain the criteria for a superior alert service, emphasising transparency, consistent resu…
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157: SPX 0DTE Risk Free Profit Forest Walkthrough
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10:25🎧 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: h…
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Tradier & Automated Options Trading for 115% Annual Returns
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15:47Send us a text This episode focuses on Tradier, a US-based brokerage firm specifically designed for automated options trading through its API-first approach. It highlights Tradier's low commissions and its compatibility with third-party signal services like "Global AutoTrading" to facilitate hands-free investing. The hosts promote their "Monthly Tr…
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IV Crush: What It Is, and How to Trade It
14:32
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14:32Send us a text This episode explains "IV Crush" in options trading, a phenomenon where the implied volatility (IV) of an option sharply declines after a significant event, like an earnings announcement or Federal Reserve meeting. The hosts clarify that IV is the market's expectation of future price movement, and it inflates option prices before suc…
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156: This Week In The S&P500: SPX Forecast, Levels, FOMC
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8:40
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8:40SPX 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. Eri…
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155: This Week In The S&P500: Slowing Momentum Nearing All Time Highs
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9:13
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9:13The 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 marke…
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SPY Max Pain? What It Means and How Traders Use It
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22:00Send us a text This episode discusses the concept of max pain in options trading, specifically relating to the SPY ETF. It explains that max pain represents the strike price where the largest number of options will expire worthless, causing the most financial difficulty for option holders while benefiting sellers. The hosts argue that while not a p…
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