Andy Crowder

20+ years as a professional options trader with a quant-based approach. Risk-manager, options trader/investor. Probabilities lead the way! Go Ducks!

[Andy Crowder @acrowder]

The basics of the poor man's covered call. #OptionsTrading #StockMarket

[Andy Crowder @acrowder]

Capital efficiency at its finest. #OptionsTrading #StockMarket #Investing

[Andy Crowder @acrowder]

$USO Interesting volatility play.

[Andy Crowder @acrowder]

The beauty of credit spreads is that everything is known upfront: max profit, max loss, breakeven, probability. The challenge is having the discipline to stick to your plan when emotions scream otherwise.

[Andy Crowder @acrowder]

There’s always “dumb” behavior somewhere in every cycle. The difference is leverage and liquidity.

Pre-2008, the system was fragile because risk was layered on top of risk with short-term funding. Today, balance sheets are generally stronger, but pockets of excess still show up when money’s been easy for too long.

As traders, the takeaway isn’t to predict a crash. It’s to avoid crowded trades, respect leverage, and size positions so one bad macro turn doesn’t knock you out of the game.

[Andy Crowder @acrowder]

𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗲𝗻𝘁𝗶𝗿𝗲 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗵𝗲𝗿𝗲: https://t.co/B2AjzWwci2

[Andy Crowder @acrowder]

I've had some great comments on this one...

✳️ 𝗜𝗩𝗥 𝘃𝘀 𝗜𝗩 𝗣𝗲𝗿𝗰𝗲𝗻𝘁𝗶𝗹𝗲: 𝗪𝗵𝗶𝗰𝗵 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗠𝗲𝘁𝗿𝗶𝗰 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 𝗳𝗼𝗿 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗲𝗿𝘀?

IV Rank and IV Percentile can give opposite signals on the same stock. Learn which volatility metric is more reliable for selling options premium, and how to use both.

𝗥𝗲𝗮𝗱 𝘁𝗵𝗲 𝗲𝗻𝘁𝗶𝗿𝗲 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 in the first comment below. And, as always, if you have any questions, please feel free to ask in the comments below or email. I'm more than happy to help. Also, thanks again for all the support it is greatly appreciated.

[Andy Crowder @acrowder]

Check out this week's edition...📩 The Option Premium Weekly Issue - November 23, 2025 https://t.co/jjmbfpZTsV

[Andy Crowder @acrowder]

Humbled to keep receiving these in my email.

Hello Andy,

Thank you for writing such detailed and highly educational newsletters and articles. As a newbie, I have learnt so much from your newsletters and articles. Thank you for sharing your knowledge, people like you make this journey for people like me wanting to be an options trader so much easier and better! Much appreciated!

Best Regards,
Raj

[Andy Crowder @acrowder]

𝗢𝗽𝘁𝗶𝗼𝗻 𝟭𝟬𝟭: 𝗪𝗵𝗮𝘁 𝗜𝘀 𝗮 𝗣𝗼𝗼𝗿 𝗠𝗮𝗻’𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗖𝗮𝗹𝗹? (𝗕𝗲𝗴𝗶𝗻𝗻𝗲𝗿’𝘀 𝗚𝘂𝗶𝗱𝗲)

Learn the Poor Man’s Covered Call strategy in plain English. Discover how using LEAPS instead of stock can cut costs, reduce risk, and still generate monthly options income. Perfect for beginners. #PMCC #Options101 https://t.co/R6KgqDEYMI

[Andy Crowder @acrowder]

𝗧𝗵𝗲 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸: 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟭𝟬-𝟭𝟰, 𝟮𝟬𝟮𝟱

A probability-driven look at volatility, expectations, and opportunity during earnings season. https://t.co/4r4ziUPOQh

[Andy Crowder @acrowder]

Intrinsic vs extrinsic: The more intrinsic, the more “stock-like.” PMCC longs want mostly intrinsic to keep theta tame.

[Andy Crowder @acrowder]

If you wouldn’t open it today, consider closing it now. “Hold and hope” is not a strategy.

[Andy Crowder @acrowder]

📚 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗥𝗲𝗽𝗼𝗿𝘁: 𝗦𝗺𝗮𝗹𝗹 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 - 𝗣𝗠𝗖𝗖 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗨𝗻𝗱𝗲𝗿 $𝟭𝟬,𝟬𝟬𝟬

Learn how to trade Poor Man's Covered Calls (PMCCs) with accounts under $10,000. Complete guide to position sizing, stock selection, and risk management for small account options trading. #PMCC #LEAPS https://t.co/OjkMELTSDy

[Andy Crowder @acrowder]

📊 𝗧𝗵𝗲 𝗜𝗺𝗽𝗹𝗶𝗲𝗱 𝗧𝗿𝘂𝘁𝗵 - 𝗪𝗲𝗲𝗸 𝗘𝗻𝗱𝗶𝗻𝗴 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟳, 𝟮𝟬𝟮𝟱

Volatility Metrics - IV Rank, IV %, RSI (2), (5), (9),(14), ADX (9), (14) #Options #Trading https://t.co/7qUif9FLbm

[Andy Crowder @acrowder]

Building wealth through options isn’t about leverage; it’s about capital efficiency. #WealthBuilding #Trading #Investing

[Andy Crowder @acrowder]

The longer your holding period, the smaller your need for precision. #Investing #WealthBuilding

[Andy Crowder @acrowder]

If you can’t express your edge in probabilities, you don’t have one. #Trading #Investing

[Andy Crowder @acrowder]

Selling puts is not “bullish gambling.” It’s disciplined ownership with a margin of safety. #OptionsTrading #Trading #ThetaGang

[Andy Crowder @acrowder]

The Poor Man’s Covered Call isn’t “cheap leverage.” It’s a structured way to own long delta efficiently. #OptionsTrading #Trading