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Andy Crowder

Chief Analyst, Cabot Options Institute

Andy Crowder is a professional options trader, researcher and Chief Analyst of Cabot Options Institute. 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.

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From this author
Cabot Options Institute Fundamentals
March 30, 2023
INTC has pushed through our 31 call strike, and the delta of our short call is nearing parity with our current LEAPS contract. As a result, I want to buy back our short calls and sell more calls.
March 30, 2023
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Andy Crowder
Cabot Options Institute Income Trader
March 29, 2023
Our March 31, 2023, 59 puts are essentially worthless. As a result, I want to lock in the profits and immediately sell more premium.
March 29, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
March 29, 2023
As a reminder, this trade is for the CVX position in the Growth/Value Portfolio, not the CVX position that resides in our Dogs of the Dow Portfolio. I have a CVX position in both, as both portfolios are looked at as separate entities to keep things mechanical and consistent.
March 29, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
March 28, 2023
With 24 days left until expiration, we have the ability to take off our SPY iron condor for a nice profit.
March 28, 2023
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Andy Crowder
Cabot Options Institute Earnings Trader
Cabot Options Institute – Earnings Trader Issue: March 27, 2023
Earnings season is officially behind us. However, that doesn’t mean that we won’t have an opportunity or two to rear its head on a weekly basis. This week Micron (MU) and Lululemon (LULU) present potential opportunities. The options are highly liquid in both underlying stocks and the IV rank for both sits above 40. Moreover, we have the ability to create a nice, wide range around the expected moves.
March 27, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
Cabot Options Institute – Quant Trader Issue: March 27, 2023
We added two new positions last week, an iron condor in IWM and a bear call spread in DIA. As a result, we have three open positions, all of which are currently in profitable territory. My hope is that we can add a bull put spread to the mix this week to balance out our deltas as they are currently leaning slightly bearish. And while I’m not opposed to some bearish-leaning deltas, I would still like to bring in more premium in May and, at the moment, a bull put spread makes the most sense.
March 27, 2023
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Andy Crowder
Cabot Options Institute Income Trader
Cabot Options Institute – Income Trader Issue: March 27, 2023
Three out of our five positions in the Income Wheel Portfolio are due to expire this week. Two out of the three positions (GDX, KO) should reap nice profits while the third position, Wells Fargo (WFC), will most likely see a loss for this expiration cycle. However, due to our strategy, we’ve built a nice 17.09% cushion to absorb any hiccups along the way, and given the near-term woes in the banking sector, I would consider the recent decline in WFC a “hiccup.” So much so, that there is a good chance we add another bank stock to the mix this week for a short-term trade.
March 27, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
Cabot Options Institute – Fundamentals Portfolio: March 27, 2023
March 27, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
Cabot Options Institute – Quant Trader Portfolio: March 27, 2023
March 27, 2023
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Andy Crowder
Cabot Options Institute Income Trader
Cabot Options Institute – Income Trader Portfolio: March 27, 2023
March 27, 2023
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Andy Crowder
Cabot Options Institute Earnings Trader
Cabot Options Institute – Earnings Trader Portfolio: March 27, 2023
March 27, 2023
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Andy Crowder
Options Trading
An Options-Based Portfolio of 5 Big Bank Stocks
They say, “Be greedy when others are fearful.” With that in mind, I’ve built an options-based portfolio using only 5 big bank stocks.
March 27, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
March 23, 2023
INTC has pushed through our 27 call strike, and the delta of our short call now stands at parity with our current LEAPS contract. As a result, I want to buy back our short calls and sell more calls. Reestablishing our deltas will allow us to participate in any further near-term upside in INTC.
March 23, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
March 23, 2023
With the Russell 2000 ETF (IWM) trading for 172.95, I want to place a short-term iron condor going out 57 days. As always, my intent is to take off the trade well before the May 19, 2023, expiration date.
March 23, 2023
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Andy Crowder
Cabot Options Institute Income Trader
March 23, 2023
Our BITO March 31, 2023 puts are essentially worthless, so we can lock in some decent profits and immediately sell more puts.
March 23, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
Cabot Options Institute – Quant Trader Issue: March 20, 2023
We closed out our DIA bear call spread last week for a 15.74% profit. Another winning trade should put us close, if not above, our all-time highs in the portfolio. This week I intend to add one, if not two trades to the portfolio. My goal is to go out to the April 21, 2023 expiration cycle if possible, but with the April 21 expiration only 32 days away, I might have to go out a bit further in duration. Either way, expect to see several trade alerts as we progress through the week.
March 20, 2023
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Andy Crowder
Cabot Options Institute Income Trader
Cabot Options Institute – Income Trader Issue: March 20, 2023
Even with some crazy volatility over the past few weeks, not much has changed. We continue to be loaded up in the Income Wheel Portfolio, although I wouldn’t mind stepping into a few new positions. As I stated last week, if I do decide to add a position or two to the portfolio, one will have a low IV and the other will be the exact opposite, with a high IV. The reason, as stated in the past, is that I like to diversify the overall beta of my positions so that our overall level of risk is balanced.
March 20, 2023
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Andy Crowder
Cabot Options Institute Earnings Trader
Cabot Options Institute – Earnings Trader Issue: March 20, 2023
Earnings season is officially behind us. However, that doesn’t mean that we won’t have an opportunity or two rear its head on a weekly basis. This week Nike (NKE) presents a potential opportunity. The options are highly liquid and the IV rank sits above 67. Moreover, we have the ability to create a 31-point range around the expected move of 21 points. We won’t know for certain if a trade will be placed until Tuesday, but all looks promising at the moment as long as the range (or something similar in width) and premium hold up into mid-day Tuesday.
March 20, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
Cabot Options Institute – Fundamentals Portfolio: March 20, 2023
March 20, 2023
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Andy Crowder
Cabot Options Institute Income Trader
Cabot Options Institute – Income Trader Portfolio: March 20, 2023
March 20, 2023
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Andy Crowder
Cabot Options Institute Earnings Trader
Cabot Options Institute – Earnings Trader Portfolio: March 20, 2023
March 20, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
March 17, 2023
We need to roll our short calls in TIP prior to expiration. However, I intend on allowing our DBC short calls to expire worthless and sell more premium at the onset of next week.
March 17, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
Cabot Options Institute Quant Trader Live Analyst Briefing with Q&A - March 16, 2023
Cabot Options Institute Quant Trader is focused exclusively on creating consistent returns using high-probability options strategies including bear call spreads, bull put spreads, iron condors and more. Whether you have questions about the strategies, or even about setting up your account, or how to make your own trades, Andy will answer all of your questions
March 16, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
March 15, 2023
With the market tumbling, GLD and TLT have surged higher. As a result, the deltas of both positions are at parity, so we need to buy back our short calls and sell more.
March 15, 2023
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Andy Crowder
Cabot Options Institute Income Trader
Cabot Options Institute Income Trader Live Analyst Briefing with Q&A - March 15, 2023
Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.
March 15, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
Cabot Options Institute Fundamentals Live Analyst Briefing with Q&A - March 14, 2023
March 14, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
March 13, 2023
With 39 days left until expiration, we have the ability to take off our DIA bear call spread for a nice profit.
March 13, 2023
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Andy Crowder
Cabot Options Institute Quant Trader
Cabot Options Institute – Quant Trader Issue: March 13, 2023
All is well in Quant Trader land. Our two positions are currently in great shape with the potential to take some decent profits off the table. We still have 39 days left until the April 21, 2023, expiration cycle, so there is a good chance that we take both of our open trades off the table for profits and look to immediately sell more premium, especially with the recent pop in implied volatility.
March 13, 2023
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Andy Crowder
Cabot Options Institute Fundamentals
Cabot Options Institute – Fundamentals Issue: March 13, 2023
After the recent pullback, the All-Weather portfolio is now up 0.55%, with the Vanguard Total Stock Market ETF (VTI) doing the heavy lifting, up 7.19% since it was introduced to the portfolio back on 6/15/23. Besides DBC, we’ve rolled all of our positions to the April 21, 2023 expiration cycle. Our DBC 24 calls are due to expire this week. I will most likely allow them to carry through expiration and sell more calls after expiration, unless we have an opportunity to buy back our DBC 24 calls for $0.05 or less.
March 13, 2023
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Andy Crowder
Cabot Options Institute Earnings Trader
Cabot Options Institute – Earnings Trader Issue: March 13, 2023
Earnings season is officially behind us. However, that doesn’t mean that we won’t have an opportunity or two rear its head on a weekly basis. This week FedEx (FDX) presents a potential opportunity. The options are highly liquid and the IV rank sits above 48. Moreover, we have the ability to create a 42.5-point range around the expected move of 27.5 points. We won’t know for certain if a trade will be placed until Thursday, but all looks promising at the moment.
March 13, 2023
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Andy Crowder
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