Author: Andy Crowder

Andy CrowderAndy Crowder is a professional options trader, researcher and Chief Analyst of Crowder Options. Formerly with Oppenheimer & Co. in New York, Andy has leveraged his investment experience to develop his statistically based options trading strategy which applies probability theory to option valuations in order to execute risk-controlled trades. This proprietary strategy has been refined through two decades of research and real-world experience and has been featured in the Wall Street Journal, Seeking Alpha, and numerous other financial publications. Andy has helped thousands of option traders learn and implement his meticulous rules-driven options trading strategies through highly attended conferences, one-on-one coaching, webinars, and his work as a financial columnist. He currently resides in Bolton Valley, Vermont and when he's not trading, teaching and writing about options, he enjoys spending time with his wife and two daughters, backcountry skiing, biking, running and enjoying all things outdoors.

Top Earnings Options Plays for the Week (8/2 – 8/6)

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Here are the top earnings options plays for next week (8/2 to 8/6). Courtesy of Slope of Hope Of the 80 stocks above, I’ve chosen to highlight ten stocks, with highly liquid options in the table below. As I stated last week and will every week during earnings season, my hope is that, by going… Read more »

What is the Best Stock for Credit Spreads?

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I’m often asked, “What’s the best stock for credit spreads?” Admittedly, as a quant-based options trader, I’m dumbfounded by the question because it would require me to have a crystal ball, and unfortunately, my crystal ball broke decades ago. So, I can’t answer the question with any accuracy. However, I can tell you how to… Read more »

The Options Strategy with the Highest Probability? The Short Strangle

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I’m often asked about my favorite options strategy. What’s my bread and butter? Statistically speaking, it doesn’t get much better than the short strangle. Some say it is the ultimate options strategy. A short strangle is a neutral, range-bound options strategy (short call and short put) that has undefined risk and limited profit potential. Typically,… Read more »

Love Covered Calls? Have You Tried a Poor Man’s Covered Call?

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One of my favorite options strategies is the covered call. Simple, straight-forward and easy to manage. Covered calls allow you to lower the cost basis on stocks you already own or, alternatively, give you the opportunity to generate a steady stream of income. But today, I don’t want to discuss covered calls. I want to discuss what is,… Read more »

A Risk-Free Iron Condor? Jade Lizard? Tell Me More…

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I’ve been using traditional iron condors for years. And there is no doubt that iron condors are one of my favorite strategies. But, when the opportunity presents itself, I favor a strategy similar to an iron condor, but with a slight twist…the jade lizard options strategy. Weird name, I know, but it seems almost all options… Read more »