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 (10/11 – 10/15)


The Week Ahead Next week is arguably the beginning of one of the most anticipated earnings seasons in market history. The magic starts in earnest at the opening bell Wednesday when JPMorgan (JPM) and Delta Airlines announce their earnings. And more companies follow suit as the week progresses with Morgan Stanley (MS), Bank of America… Read more »

Trade Idea: Another Bear Call Spread in the Russell 2000 (IWM)

Bear Call Spread Options Strategy – Russell 2000 (IWM) As I have stated over the past few weeks, bear call spreads are a good strategy for this market environment. And with implied volatility up again, the bearish-leaning options strategy looks even more attractive, whether as a hedge or simply to act on a directional bias.… Read more »

Top Earnings Options Plays for the Week (10/4 – 10/8)

The Week Ahead Earnings season is over. But there are always a few companies that report outside of the standard earnings window. Here are five companies that I think could offer some interesting opportunities next week. Pepsi (PEP) Constellation Brands (STZ) RPM International (RPM) Lamb Weston (LW) Conagra (CAG) Below you will find the implied… Read more »

How to Hedge an ETF Using a Collar Options Strategy

The Collar Options Strategy Back in mid-July, I discussed the basics of a collar strategy. Now with more and more readers asking for hedge-based ideas, I want to discuss the strategy a bit further, this time using ETFs as my primary target. It’s no secret that we’ve seen an incredible rally over the past year… Read more »

The Beauty of Trading with High-Probability Credit Spreads


The Statistical Truth I hate to say this about some of my fellow options traders, but I can’t tell you how much I abhor those in the industry that absolutely ruin the true benefits of options for the self-directed investor. Claims of outlandish 300%, 400%, 1,200% in just a few days, without even a small… Read more »