Damocles Weekly Trade Journal

Is income from Options Trading Vertical Spreads fact or fantasy? My sense and research suggest the answer should be – “Fact.” But there is a LOT OF PAIN one must go through to get there. This blog is my trek to find that answer. And this blog will be my weekly journal in trading Vertical Spreads Options to get beyond the fantasy. I invite you to walk it with me…

Reconcile Budget

Reconciliation is the Brass Ring

Tom and Jerry have nothing on Senate leaders Chuck Schumer and Mitch McConnell when it comes to tit-for-tat legislation. One party’s legislation priority is the other party’s number one legislative target.

Where's My Vertical Spreads

Where’s My Vertical Spread?

I spent a day last week half panicked, half confused, and half annoyed as I began a “Where’s Waldo” search for vanishing Options Contracts.

Obtainer of rare antiquities

How To Annualize ROR for Vertical Spreads

The best value from AROR is to use it as a measurement for the profitability of an active Vertical Spread. When the Live-AROR becomes higher than the baseline AROR, exiting the Spread anytime will technically be a bigger win. Nerd Alert! This post goes way nerdier than usual.

Trade Trudging

Trade Trudging – Stardate 99100.77

Well… this STINKS! In a failure to get my homework completed on time, I decided to punt this week’s brilliant commentary until next week.

Cheech and Chong

Pot Stocks – Is it Time to Buy?

A frequent question I ask myself, “should I buy into Pot Stocks, now that more and more states are legalizing the recreational use of marijuana?” My answer:

Market Makers - Man Behind Curtain

Market Maker – The Man Behind the Curtain

This “Trade Trudging” week, I want to briefly consider the Market Maker’s influence over my Vertical Bull Put Credit Spreads.

Step in Time for Options Execution

Leading the Premium For More Income

Step in time – Step in Time! Exploring the supposition that I can maximize my Vertical Bull Put Credit Spreads’ income by leading the premium’s target price as I open new positions.

Biden's Bargain.

Biden’s Budget Bargain

Is it time to go big? Or is it time to regroup? Or can we even bargain with President Biden’s Fiscal Year 2022 six trillion dollars Federal budget proposal? The enormity of the proposed budget is enough to keep the current Markets at bay – to say the least if it passes unchanged.

Custom Options Watchlist using Thinkorswim in Excel – PT 2

This week’s entry will explain how I constructed the “Active Trades” section of my “Killer” Excel/ThinkorSwim watchlist. I will also point to seven critical ToS data elements that I use to monitor multiple working Vertical Spread positions at a glance.

Options Watchlist by Damocles

Custom Options Watchlist using Thinkorswim in Excel – PT 1

Taking a close look at my custom Options watchlist – an Excel Spreadsheet that pulls live data from my ThinkorSwim trading platform. I will dissect my watchlist spreadsheet and show how I calculated crucial data points.

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One THOUGHTS ON “Trading Options Vertical Spreads

  • Superb blog! Do you have any recommendations for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any suggestions? Thanks!

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