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.

The Best Options Strategy in 2022 (So Far)

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There is no doubt that bear call spreads have been the strategy of choice over the past six months, if not longer. For some, 2022 has been a challenging year, but for those that trade options, particularly with a high-probability approach, 2022 has been an incredible year so far. The beauty of trading options with… Read more »

A Potential Earnings Trade in Morgan Stanley (MS)

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This week offers quite a few trading opportunities. Earnings are in full swing and quite a few large-cap stocks are due to announce. My focus next week will be on a few of the bigger, lower-beta names like JP Morgan Chase (JPM), Citigroup (C), Morgan Stanley (MS), Wells Fargo (WFC) and a few others. Boring, low-beta stocks… Read more »

Trade Idea: My Strategy for JPMorgan Chase’s (JPM) Upcoming Earnings

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I mentioned in my weekly post, Top Options Plays for the Week, that JPMorgan Chase (JPM) offered a potential earnings trade next week. As I’ve stated in the past, I hope that by going through a few examples of various options strategies every earnings season we can start to build a solid foundation on how to appropriately apply… Read more »

Top Earnings Options Plays for the Week (4/11 – 4/15)

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Here we go! Earnings season ramps up next week with the big banks due to report. I look forward to going through numerous trades the next few weeks, starting with several opportunities offered next week. Stay tuned for a few follow-up posts with potential trades! I will be focusing on JP Morgan Chase (JPM), Citigroup… Read more »

Taking Profits and Another Bear Call Trade Opportunity

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Bear Call Spread in SPY It’s been an incredible environment for bear call spreads over the past year. While many investors have struggled to make a return, we’ve managed to make outsized gains using bear call spreads and several other credit spread strategies. Today, with volatility spiking again, I want to present another potential opportunity.… Read more »

Using the Wheel Options Strategy on Affirm (AFRM)

Back on February 28, when implied volatility was high across the board, I started selling puts in Cathie Wood’s Ark ETF (ARKK). At the time we sold to open April 14, 2022, ARKK 55 puts for a limit price of $1.38. Now we can buy back the 55 puts for roughly $0.33, thereby locking in… Read more »

Top Earnings Options Plays for the Week (4/04 – 4/08)

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In my opinion, next week offers little in the way of opportunities around earnings, mostly due to the lack of liquidity in the stocks offered. But that’s okay! The following week marks the onset of another earnings cycle as the big banks are due to announce. I’ll be covering quite a few opportunities as we… Read more »