The Weekly Option
Episode 423 Option Trading Podcast April 17, 2026
Why It Matters
Understanding how to evaluate and protect option positions is crucial as markets hit record highs, increasing both opportunity and risk. Eric’s focus on “healthy skepticism” equips listeners with a mindset to avoid overconfidence, making the episode especially relevant for anyone looking to improve risk management in volatile markets.
Key Takeaways
- •Healthy skepticism prevents costly option trade mistakes.
- •Covered call on Cypher Mining yielded immediate profit.
- •Cash‑secured put on Hertz remains out‑of‑the‑money.
- •Debit spread on SoFi offers 51% potential return.
- •Incorrect expiration dates can mislead option traders.
Pulse Analysis
The April 17, 2026 episode of The Weekly Option opens with a market rally—Dow up 1,530 points to 49,447 and S&P 500 hitting a fresh high of 7,126. Host Eric pivots to the week’s theme: healthy skepticism. He stresses asking “how can I lose money?” before committing, a mindset that blends offensive profit‑seeking with defensive risk controls. This philosophy underpins every trade discussion, reminding professional traders that even seemingly perfect setups can reverse in seconds.
Eric reviews last week’s positions, highlighting a covered call on Cypher Mining that turned a $1.02 per‑share gain into a projected 1.5‑times return if the stock stays above $17. A cash‑secured put on Hertz remains comfortably out‑of‑the‑money, preserving the 10.67% premium. The Rivian credit spread tightened further OTM, offering a modest $0.10 profit, while a mis‑dated IBIT debit spread still delivered a 51.5% weekly return before expiration. These outcomes illustrate how disciplined skepticism—checking breakeven points, monitoring Greeks, and planning adjustments—can lock in gains without over‑trading.
The new slate features a high‑yield covered call on Compass Therapeutics (43.6% potential), a cash‑secured put on Fermi Inc., a Nokia ADR credit spread, and a SoFi Technologies debit spread promising another 51.5% upside. Eric warns of the 50‑cent strike clustering after Monday’s expiration, suggesting traders scout for tighter pricing. Throughout, he reinforces that accurate expiration dates and clear risk‑reward metrics are essential for institutional‑level option strategies. Listeners are encouraged to apply the skepticism framework, use the outlined spreads, and visit theweeklyoption.com for deeper tutorials, ensuring they trade with both confidence and caution.
Episode Description
The Weekly Option trading podcast
Episode 423 April 17, 2026
Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike.
The topic of the week is what to do after you sell the put.
In this week’s show, we will cover the trades from last week on Cipher Mining, Hertz Global Holding, Rivian Automotive, and the iShares Bitcoin Trust Beneficial Interest ETF.
And we discuss four new trades on Compass Therapeutics, Fermi Inc, Nokia ADR, and SoFi Technologies.
After weeks of lower prices due to the possibility of war, we are back looking at all-time highs. The Dow Jones Industrial Average picked up 1,530 points, closing on Friday at 49,447 points. The S&P 500 Index jumped 309 points, ending the week at 7,126 points, a new all-time high.
It’s always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me.
Email questions to me: eric@theweeklyoption.com
Visit our YouTube Channel for The Weekly Option.com.
PODCAST LINKS FOR EPISODE POST
Listen on iTunes: https://itunes.apple.com/us/podcast/the-weekly-option/id1375267155
Listen on YouTube Music: https://music.youtube.com/channel/UCTo2yTkZPhqvlE8PdZkyTZA
Listen on Spotify: https://open.spotify.com/show/6HoYh2XxVCWaidJP4dJiSD
Listen on Audible by Amazon: https://www.audible.com/podcast/The-Weekly-Option/B08K57QL6S?language=en_US
Listen on PodBean: https://www.podbean.com/podcast-detail/r5aam-6a884/The-Weekly-Option-Podcast
YouTube Channel: https://goo.gl/u7JKJd
Option Trading Basics: My Favorite Strategies: https://youtu.be/8UmPK5tuez0
How to Trade Stock Using Technical Analysis: https://youtu.be/wAATt0RpE0w
Technical Analysis Videos: https://www.youtube.com/channel/UCnpPLl3EB_RBC5kyrCnsHow
TradingView Stock Charts For Analysis: https://www.tradingview.com/gopro/?share_your_love=TraderEric
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