🎁 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 screen. We also walk through a few trade structures—including the much-misunderstood Reverse Iron Condor (RIC)—and talk about portfolio-level thinking: position sizing, diversification across edges, and why “one-lotting” more often than not can save your sanity.

What we cover:

• Why end-of-day data lies for options backtests and how 1-minute, intraday pricing changes the conclusions (stops, profit targets, and whether you even got filled).
• The rise of 0DTE and why intraday realism matters way more than it did for 45–90 DTE trades.
• The “Punisher”: stress-testing backtests with slippage, fills, and tougher assumptions so results hold up in live trading.
• Liquidity matters: why OO focuses on top tickers (SPX, SPY, QQQ, etc.), and the pros/cons of instruments like XSP.
• RICs (Reverse Iron Condors) as long-gamma plays: when long premium + the right signal can still have positive expectancy, and sizing so a few losses don’t nuke the account.
• Credit-spread philosophy: structure ≠ edge. Edge comes from when you put it on (signals), then you pick the simplest structure that monetizes that edge.
• Automation better than willpower: broker-resting stops, time windows, and signal-gated entries so your plan runs even when you’re walking the dog.
• Sizing & psychology: allocations as a strategy; why many traders should downshift to one-lots more often; diversifying edges (theta harvest + long-gamma + price-action) on the same ticker.
• My ASD signal (Alpha Crunching): using Average Strength Deviation as a weekly, day-of-week filter; combining ASD with simple MAs/EMAs for “aggressive” ATM put-credit spreads; converting those rules into hands-off automations.
• Broker support today: Schwab, Tastytrade, Tradier (IB not currently supported for U.S. retail cloud API).

Key takeaways:

• Backtests need intraday realism or they’re just stories.
• Structure is just the container; edge = timing + conditions.
• If your edge is “market stability”, credit spreads monetize it better than naked long calls.
• Automation lets you run more strategies with smaller per-trade risk and fewer emotional mistakes.
• Test harshly (slippage, fills, stops) so live results rhyme with backtests.

Resources & links:

• 🔧 https://OptionOmega.com (backtesting + automation) — Use code SMOT for 50% off.
• 📈 https://AlphaCrunching.com (signals, forecasts, ASD/WTR/TTR, weekly trade ideas) Use code SPX50 for 50% off first year.

This 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 with stock, covered calls, and long-term outlook
• A deep dive into a broken wing butterfly setup on Carvana and why it flips the risk/reward compared to standard spreads
• Key economic events on this week’s calendar (GDP, core PCE, jobs data) and how they may impact price action
• Tools for traders: Forex Factory, Unusual Whales options flow, and Alpha Crunching’s new ASD forecast research

Whether you’re into SPX spreads, directional trades, or income strategies, this session covers practical setups and the thought process behind them.

👉 Catch the live session every week by RSVPing at https://stockmarketoptionstrading.net/events.

👉 Join the conversation in the Alpha Crunching Discord to access research, options flow tools, and weekly trade ideas.

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.