159: This Week in Options Trading: SPX Credit Spreads, ANET Diagonal Spread

Welcome 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, Eric walks through the Monday 7DTE Put Credit Spread strategy powered by Alpha Crunching’s Weekly Triumph Rate (WTR). He compares backtest results of holding to expiration versus taking early profits and shows why risk/reward balance is key for long-term success. We also dig into trade management, allocation, and automation using Option Omega.

Brian shares one of his go-to strategies—the Poor Man’s Covered Call (Diagonal Call Spread)—breaking down a real trade example in $ANET, including strike selection, rolling, and risk management.

We also touch on the week’s economic calendar, including the FOMC minutes and Jackson Hole Symposium, and how traders might factor these events into their setups.

👉 To RSVP for future live sessions: https://stockmarketoptionstrading.net/events

👉 Watch replays on YouTube: Stock Market Options Trading channel

⚠️ Disclaimer: This content is for educational purposes only and not financial advice. Options involve risk and are not suitable for every investor.