Stock Market Options Trading

Eric O'Rourke
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Jan 28, 2026 • 21min

175: Breakeven Iron Condor Strategy (7DTE)

In this episode, I’m joined by Brian Terry to break down a breakeven iron condor strategy he’s actively trading right now.Brian walks through how he enters the call side and put side separately, targeting equal credits on each side with 7 days to expiration. The key twist? He uses a 200% stop on each side, which means if one side gets stopped out, the trade is designed to be roughly breakeven overall.We talk through:Why separating entries can improve flexibilityHow the 200% stop changes the risk profileWhy this works well on SPX, and how newer traders can adapt it to SPY for smaller sizeThe mindset behind trading income strategies defensively, not emotionallyBrian runs the Conservative Options Income Network (COIN) over at https://stockmarketoptionstrading.net, where you can start a 14-day free trial and see his real trades, including the strategy discussed in this episode.If you’re interested in structured, rules-based options income strategies, this is a great one to study.
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Jan 12, 2026 • 35min

174: How To Trade Earnings Using Earnings-Watcher.com

Earnings season can be one of the biggest drivers of volatility in the stock market—and understanding how stocks behave around earnings is critical for options traders.In this episode, I’m joined by Dan to talk about trading earnings and a tool he uses called Earnings Watcher. We break down the basics of volatility around earnings announcements, common patterns traders look for, and how Earnings Watcher helps stay organized while analyzing historical price and volatility behavior around earnings events.Whether you actively trade earnings or just want a better understanding of how earnings impact the broader market, this conversation will help put the process into context. 🔗 Earnings Watcher: https://earnings-watcher.com/pricing_smot
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Jan 5, 2026 • 15min

173: What the 0DTE Trend Spread Engine Is Already Revealing

In this episode, we review some early backtest results from AlphaCrunching.com's newly launched 0DTe Trend Spread Engine (TSE).We're only 3 weeks into the stats but taking 0DTE trend spreads during the lunch hour at 12pm over the past 3 weeks has won 100% of the time. We're not expecting this type of performance to last forever but seeing this hot spots of high performance based on time of day entry is revealing some edge most traders are missing.We would love you to join Alpha Crunching as we continue this build in public approach for SPX 0DTE Options Trading.👉 Explore Alpha Crunching and get a discount:https://alphacrunching.comDiscount code: SPX50 for 50% off first month or year.🔗 Connect with Eric on LinkedIn:https://www.linkedin.com/in/jericorourke/
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Dec 19, 2025 • 17min

172: The 0DTE Trend Spread Engine: Building in Public

In 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. Rather than reacting to every move, the focus is on stacking small statistical edges and letting data—not emotions—drive decisions.This episode also explains why strike selection and credits can vary, why these are trade ideas (not alerts), and how Alpha Crunching approaches options trading like an insurance business built on consistency and process.👉 Explore Alpha Crunching and get a discount: https://alphacrunching.com Discount code: SPX50 for 50% off first month or year.🔗 Connect with Eric on LinkedIn: https://www.linkedin.com/in/jericorourke/
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Dec 8, 2025 • 11min

171: Stock Market Update and Economic Events This Week

In 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 leg of the market.
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5 snips
Nov 6, 2025 • 4min

170: SPX Iron Condor Setup

Explore the nuances of trading with an SPX Iron Condor setup as volatility rises. Learn how to take advantage of wider option premiums during market dips. Discover entry strategies with specific credits and how to calculate potential profits and losses. Eric shares his plan for profit-taking and adjustments for sharp market movements. Delve into the impact of VIX spikes on trade strategies and the importance of waiting for confirmation before entering the market. Perfect for both beginners and seasoned traders!
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Nov 3, 2025 • 11min

169: 💡 LEAP Call Strategy for Options Income with Brian Terry

In 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.You’ll hear how Brian manages exits, adjusts when short calls get breached, and keeps risk in check even when the market moves against him.👉 Follow Brian over at stockmarketoptionstrading.net💬 You can also get his trade alerts inside Alpha Traders Club to see this strategy in action.
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Oct 27, 2025 • 27min

168: SPX Levels, Weekly Trade Setups & a Profitable LEAP Strategy

In 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 credit spreads and discretionary hedges. The conversation also covers upcoming events—including major tech earnings from Apple, Microsoft, and Google—and how they might influence market sentiment.Brian shares a practical example of a LEAPS diagonal trade on AVGO that’s been profitable even without much price movement, illustrating how selling weekly calls can generate consistent income against a long-dated call. The two also discuss covered call timing, hedging approaches, and using instruments like SSO to gain leveraged exposure with less capital.🎧 Whether you’re trading SPX spreads or building income strategies with diagonals and covered calls, this episode offers a mix of mechanical systems and discretionary risk management ideas you can apply right away.👉 Join the next live session at stockmarketoptionstrading.net or inside the Alpha Crunching Discord.
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Oct 22, 2025 • 14min

167: 🎯Bullish Put Diagonal Discussion

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 consistent returns.You’ll hear examples from trades in Google, AMAT, and Bank of America, plus how he handles adjustments when prices move.👉 Join us for the next live Zoom or meetup at StockMarketOptionTrading.net to see more strategies like this in action.Want backtested SPX strategies before the trading week begins? Use code SPX50 at AlphaCrunching.com to get started with a 50% discount.
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Oct 21, 2025 • 16min

166: 📈SPX Rebounds Hard — What Last Week’s Selloff Really Taught Us

👉 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 averages still recovering — 5-day hasn’t crossed back above 10-day yet🧠 Eric explains how one huge candle can distort technical indicators short-term💰 Shows an Iron Condor entered during the volatility spike — wide wings, 25% profit target⚡ Volatility crush helped profits as VIX cooled off📉 Trend-following strategies paused last week but could resume if short-term averages recover❌ Reminder: selling call spreads during downtrends doesn’t backtest well — stick to data-driven setups🔗 Check out all backtested trade setups at AlphaCrunching.com for this week’s SPX strategies

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