Episode 186

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Published on:

5th May 2026

186: This Week in Options Trading - Market at Highs… Now What?

👉 Alpha Crunching (SPX data, trade ideas & alerts): https://alphacrunching.com

👉 Conservative Options Income Network (Brian Terry): https://stockmarketoptionstrading.net

In this episode, Eric sits down with returning guest Brian Terry from the Conservative Options Income Network to break down what’s shaping up to be another interesting week in the market.

With the S&P pushing toward new highs—even with ongoing geopolitical headlines in the background—we talk through what that actually means for traders right now and how we’re positioning around it.

We cover:

  • Why this market still feels “underinvested” for a lot of traders
  • Brian’s recent synthetic stock trade and how he’s using options for leverage
  • Eric’s latest SPX credit spread setups and managing risk into the weekend
  • The impact of volatility, gaps, and why sometimes not trading is the best trade
  • Thoughts on the potential removal of the PDT rule and what it could mean for 0DTE traders
  • Balancing short-term trades with longer-term positioning in a fast-moving market

As always, this is a real-time conversation about what we’re actually seeing and trading—no hindsight, just process.

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About the Podcast

Stock Market Options Trading
A retail trader's guide to consistent profits.
The Stock Market Options Trading Podcast is hosted by Eric O’Rourke, founder of https://AlphaCrunching.com, where a growing community of traders focus on short-duration SPX options strategies using a data-driven approach.

Join our podcast community over at https://www.stockmarketoptionstrading.net to improve your stock and options trading skills.

Check out the SMOT YouTube channel for quantitative options strategies and education here: https://www.youtube.com/stockmarketoptionstrading

For the Conservative Options Income Network run by Brian Terry:
https://www.stockmarketoptionstrading.net/spaces/12282222

About your host

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Eric O'Rourke