Learn how to make money trading Options – Options Trading for Beginners – Best Vertical Spread Strategies – Selling Vertical Spreads as a home business
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…
Options Trading Explained
Learn to Trade Options Vertical Spreads
Below are my weekly/monthly (as of 02/01/2022) Journal Posts as I teach myself how to make money selling (trading) Vertical Spread options weekly…
Deep Dive into a Bear Market
Correction to recession to stagnation. Inevitable you say? I’m thinking so. I’m starting a deep dive into Vertical Bear Call Option Spreads as I believe we are already caught in the mauls of a Bear Market.
Vertical Bear Call Credit Spreads – Entry Rules
Hey Boo Boo! It’s time to run with the Bears! The bears are stealing my pic-a-nic baskets full of scrumptious Vertical Bull Put Credit Spreads. I think it’s time to be smarter than the average Newb Trader. Here are my new entry rules for Vertical Bear Call Credit Spreads.
Crypto Trudging – A Bourgeois Look at Cryptocurrency
How fast can I become a Crypto-Millionaire? What cryptocurrency should I buy that will centuple next? When I began this week’s Journal Entry, my goal was to do a little digging into which cryptocurrency I should invest in. But, what I learned is that the current public version of blockchain/cryptocurrency has serious systemic flaws and is not ready for earnest investors.
Rolling ITM QQQ Vertical Spread – Deja Vu All Over Again
Should I roll my ITM QQQ Vertical Spreads again? If I do roll, I can’t help to feel it will be a hopeless attempt to stave off the irrational forces of fate – “cuz the future ain’t what it used to be.”
Weekly Entry Rules – Lost Resistant Options Vertical Spreads
Updating my Entry Rules each week will help my Vertical Put Credit Spreads become more lost resistant. This week’s Journal Entry will revisit and reformat the Entry Rules I will use before opening new Options Spreads.
Happy Easter!
I’m thankful for the Easter Miracle, the beauty of God’s creation, and the blessing of having my family in my life. Here are my two Easter Week Vertical Spreads.
Trade Trudging? INCONCEIVABLE!
Like Plato, Aristotle, and Socrates, Trade-Trudging is how I can maintain a dizzying intellect while avoiding the classic blunders. Will the Marketeers pick the cup with the Iocane?
Agile Vertical Spreads Rules – Spidey Spreads
My 4-month Trend Channels will stay bearish as the tail-end of the channel’s data runs through the 65-day market downturn. So, as our agile Spider-Man swings off of the Correction’s bottom, I need to be as agile and make temporary changes to my Entry Rules – only like a Spider can. Agile Rules for Vertical […]
Go-Go Vertical Spreads
Trade Trudging week continues as I consider rolling another ITM QQQ Vertical Put Spread. But are we at the emergence of a market bounce? Go-Go Rebound!
Rolling Deep ITM QQQ Vertical Spread
This “Trade Trudging” week will focus on rolling one of my expiring QQQ Spreads that is currently deep ITM. And since this is the second time I’m rolling this Vertical Spread, I’m pretty sure this QQQ is following me.
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Hello!
I am brand new to options and your blog. Congrats on your 2021 ROI -your considerable premiums are a testament to your diligence and hard work! I found you as I search for a viable journaling solution for my trades.
I found your great article: https://optionstradesbydamocles.com/2021/05/21/custom-options-watchlist-using-thinkorswim-in-excel-pt-1/
Are you still using this system? I was wondering if I could get your ideas on journaling and my journey? Thanks,
Thank you for your kind words!
I use my custom Watchlist every day. I use it to stage up possible trades for the week, monitor my staged Spreads to see which ones are moving in the right direction and monitor the performance of my open Spreads.
My three posts:
https://optionstradesbydamocles.com/2021/01/19/using-excel-with-thinkorswim/
https://optionstradesbydamocles.com/2021/05/21/custom-options-watchlist-using-thinkorswim-in-excel-pt-1/
https://optionstradesbydamocles.com/2021/05/28/custom-options-watchlist-using-thinkorswim-in-excel-pt-2/
These three posts are my cut-and-paste documentation to recreate my Watchlist from scratch should I ever lose them. Using this as a guide, you can create your own Watchlist tailored to your needs.
Hi Damocles,
I appreciate your content. As a newbie to trading and options I’m trying to soak it all up.
Do you happen to have information on setting up conditional orders for vertical spreads? I’m trying to play it safe and not “blow up” my account. I enjoy learning about options and it seems as if verticals are the safer bet. I work 9-5 and can never watch the market in action so as I analyze charts in the off hours and see a set up unfolding I want to place orders to get in if X happens. I’ve tried this 2ce now and it has not worked as anticipated. Any advice is appreciated! Thanks.
Greetings, thank you for your message and for reading my blog.
I have a 3-part post called “TRADING SPREADS WITH STOP LOSS.” Part 3 goes through ThinkorSwim screenshots for setting up Conditional Order for Vertical Spreads.
https://optionstradesbydamocles.com/2020/07/17/trading-spreads-with-stop-loss-pt-3/
My advice is to be careful using conditional orders. I lost more winning trades due to the “gap down” market phenomenon. As a newb myself, my blog has a lot of information on crafting “loss resistant” spreads.
Thanks
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!