Episode 192

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Published on:

27th Jul 2026

192: This Week in Options Trading | Market Outlook & Options Strategies

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 include:

  • Why the latest SPX gap higher failed and what it says about market sentiment
  • Current gamma levels and key support/resistance zones
  • This week's major economic events, including the FOMC meeting, GDP, PCE, and Consumer Confidence
  • Why intraday trend trading has become more challenging in recent weeks
  • New research showing stronger end-of-day trading opportunities
  • Eric's updated 0DTE trading approach and end-of-day Iron Condor strategy
  • Brian's QQQ and Micron (MU) broken-wing put butterfly trades
  • Managing defined-risk option strategies during volatile markets

Whether you're trading SPX, QQQ, or individual stocks, this episode explores how current market conditions are changing the way we approach options trading and risk management.

Resources Mentioned

► Alpha Crunching: https://alphacrunching.com

► Stock Market Options Trading Podcast: https://www.stockmarketoptionstrading.net

If you enjoy systematic options trading, backtesting, and weekly market analysis, be sure to subscribe for new episodes every week.

#SPX #OptionsTrading #StockMarket #0DTE #SPXOptions #Gamma #FOMC #IronCondor #QQQ #Micron #TradingPodcast

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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