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Aug 3

9m 18s

193: Markets Rebound, SPX Gamma Levels, ...

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195: The Friday-to-Monday SPX Edge

In this week's Stock Market Options Trading Podcast, we're looking at an interesting SPX pattern: Mondays have produced the strongest average S&P 500 returns so far in 2026.Here's the video version: https://youtu.be/mM8y3koyL5AThat lines up with a rules-based strategy I've recent ... Show More

194: Does Gamma Move the S&P 500? What SPX Traders Should Know

In Episode 194 of the Stock Market Options Trading Podcast, we take a data-driven look at the S&P 500, SPX options, gamma levels, opening range breakouts, and a mechanical 0DTE Iron Condor strategy.We start with lumber prices after an 11-day losing streak and discuss what falling ... Show More

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This week on Stock Market Options Trading, Eric O'Rourke and Brian Terry break down the latest market action following geopolitical headlines, discuss why the recent SPX rally continues to stall, and share several option trading ideas they're watching this week.Topics covered inc ... Show More

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In this week's episode of the Stock Market Options Trading Podcast, Eric O'Rourke takes a data-driven look at the markets, reviews the latest SPX price action, discusses key economic events for the week, and shares insights from a high-probability options strategy currently being traded and tracked.

Whether you're an experienced options trader or looking to improve your trading process, this episode focuses on risk management, mechanical trading, backtesting, and consistency rather than predicting market direction.

In This Episode

Why even billion-dollar hedge funds can fail from excessive leverage
SPX market update following the latest geopolitical headlines
Gamma levels, put walls, call walls, and what they may signal
Key economic events this week:
JOLTS Job Openings
ADP Employment Report
Weekly Jobless Claims
Non-Farm Payrolls (NFP)
Why oil prices remain an important inflation indicator
A breakdown of a 14 DTE SPX Iron Butterfly strategy
How to evaluate options strategies using:
Win rate
Average winner vs. average loser
Expectancy
Position sizing
Why diversifying across multiple options strategies can reduce risk
A fun look at common trading myths from the "X Files" segment

Key Takeaway

Instead of chasing predictions, focus on building a portfolio of strategies with positive expectancy. A single strategy will experience losing streaks, but combining multiple backtested approaches with proper risk management can help create more consistent long-term results.

Resources Mentioned

Alpha Crunching – SPX research, reports, trading strategies, and Discord community: https://alphacrunching.com
Option Omega – Backtesting and options strategy development (use code SMOT for a discount)
Follow Eric on X: @OptionAssassin

Listen Every Week

New episodes are released weekly covering:

SPX market outlook
Options trading education
Mechanical trading strategies
Backtesting concepts
Risk management
Trading psychology
Data-driven market analysis

If you enjoyed this episode, please Like, Subscribe, and leave a review on your favorite podcast platform. It helps the channel reach more traders looking for a systematic approach to options trading.

#OptionsTrading #SPX #StockMarket #OptionSelling #IronButterfly #OptionOmega #TradingStrategies #RiskManagement #Backtesting #MechanicalTrading #0DTE #SwingTrading #MarketAnalysis #GammaLevels #OptionsEducation