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.

An Alternative Strategy to Traditional Dividend Income

best credit spreads

The chart below had me perplexed as to why more people don’t use options as an investment tool. Basically, as stated in the chart above, I would need as much as $200k to make a $1,000 yield in Apple (AAPL) and roughly $14k to make $1,000 if using Altria (MO) as your underlying. Either way,… Read more »

Trade Idea: My Strategy for Oracle’s Upcoming Earnings

ORCL-iron-condor

I mentioned in my weekly post, Top Options Plays for the Week, that Oracle (ORCL) 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… Read more »

Top Earnings Options Plays for the Week (3/7 – 3/11)

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As we enter the doldrums between earnings seasons, an opportunity or two can still be found each week. Albeit a push at times, it’s still worth taking a look at potential trades as we patiently wait for another upcoming earnings season, if only for educational purposes. Oracle (ORCL) is, in my opinion, the only stock… Read more »

Volatility Continues to Offer Exceptional Trading Opportunities

volatility-iron-condor

Back on February 16, with implied volatility heightened, I discussed a potential iron condor trade in the S&P 500 (SPY). At the time, as posted, we sold the iron condor for $0.85. Now the spread is worth roughly $0.50, for a 7.5% return. Not bad for a few weeks, especially when you consider our probability… Read more »

How to Use Poor Man’s Covered Calls on Growth Stocks

strategies-bear-markets

DraftKings Poor Man’s Covered Calls  There has been an abundance of high-beta growth stocks that have absolutely been crushed over the past six months. One such stock is DraftKings (DKNG). The stock is down roughly 70% from its record highs hit roughly one year ago. But the collapse, not only in DraftKings, but in many… Read more »

Trade Idea: My Strategy for Costco’s Upcoming Earnings

costco-iron-condor-earnings-trade-march-3

Zoom Video (ZM), Target (TGT), Costco (COST) and several other highly liquid stocks are due to announce next week. I use the weekly table above as a guide to what I want to focus on in the week ahead. It provides me with some simple but important implied volatility readings along with the average move after earnings,… Read more »