186: This Week in Options Trading - Market at Highs… Now What?

186: This Week in Options Trading - Market at Highs… Now What?

May 5, 2026 · 25 min · Season 1 · Episode 186

About this episode

Eric O'Rourke and guest Brian Terry discuss the current state of the market as the S&P approaches new highs and the implications for traders.

👉 Alpha Crunching (SPX data, trade ideas & alerts): https://alphacrunching.com 👉 Conservative Options Income Network (Brian Terry): https://stockmarketoptionstrading.net In this episode, Eric sits down with returning guest Brian Terry from the Conservative Options Income Network to break down what’s shaping up to be another interesting week in the market. With the S&P pushing toward new highs—even with ongoing geopolitical headlines in the background—we talk through what that actually means for traders right now and how we’re positioning around it. We cover: Why this market still feels “underinvested” for a lot of traders Brian’s recent synthetic stock trade and how he’s using options for leverage Eric’s latest SPX credit spread setups and managing risk into the weekend The impact of volatility, gaps, and why sometimes not trading is the best trade Thoughts on the potential removal of the PDT rule and what it could mean for 0DTE traders Balancing short-term trades with longer-term positioning in a fast-moving market As always, this is a real-time conversation about what we’re actually seeing and trading—no hindsight, just process.

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