Episode 185

full
Published on:

28th Apr 2026

185: Inside My SPX Strategy with Option Omega

Watch the full video version of this episode:

https://youtu.be/2RgGjxUe35w?si=m1BU5TwEq973he2k

Links & Discounts:

  • Option Omega → https://optionomega.com (Use code SMOT for a discount)
  • Alpha Crunching → https://alphacrunching.com (Use code SPX50 for 50% off your first year)

In this episode, I sit down with Matt from Option Omega to break down how I’m using their platform to backtest and execute strategies from Alpha Crunching—with a focus on the Trend Spread Engine (TSE).

We dig into the core problem many traders are facing right now: what should I actually be trading in this market? With volatility shifting, trends changing, and many swing strategies not triggering, the goal is to find something repeatable that can be traded consistently.

That’s where the Trend Spread Engine comes in.

We walk through:

  • Why high-probability spreads alone don’t create an edge
  • How intraday time-of-day + trend + strike selection changes outcomes
  • The idea of tracking trades every 15 minutes to uncover intraday seasonality
  • Using a rolling 90-day dataset to adapt to changing market conditions
  • How I turn that data into actual trades using Option Omega

We also get into real examples of how certain time slots (like 10:30am vs 11:30am) rotate in and out of effectiveness—and how that impacts execution week to week.

If you’re trading SPX options—or trying to build a more mechanical, data-driven approach—this is a great behind-the-scenes look at how I’m thinking about strategy development right now.

Listen for free

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About the Podcast

Stock Market Options Trading
A retail trader's guide to consistent profits.
The Stock Market Options Trading Podcast is hosted by Eric O’Rourke, founder of https://AlphaCrunching.com, where a growing community of traders focus on short-duration SPX options strategies using a data-driven approach.

Join our podcast community over at https://www.stockmarketoptionstrading.net to improve your stock and options trading skills.

Check out the SMOT YouTube channel for quantitative options strategies and education here: https://www.youtube.com/stockmarketoptionstrading

For the Conservative Options Income Network run by Brian Terry:
https://www.stockmarketoptionstrading.net/spaces/12282222

About your host

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Eric O'Rourke