Damocles Weekly Trade Journal

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Dec 29, 2020 | Sep 13, 2019 All Posts

Implications of Implied Volatility

Dream Big!Never let anyone tell you you're not scary!- Mike Wazowski (Movie: Monsters University) Prologue When I first started Options trading last year, I went through a slew of webinars and online courses from Ameritrade. The Options Greeks were a..
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Nov 26, 2020 | Aug 30, 2019 All Posts

Option Spreads Alone Can’t Win

There are those who say fate is something beyond our command.That destiny is not our own – but I know better.Our fate lives within us, you only have to be brave enough to see it.– Merida (Movie: Brave) Prologue Option..
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Nov 19, 2020 | Jul 26, 2019 Essential Tips for Options Trading

Trading Log

Prologue Tracking progress and behavior are essential to self-improvement. Whether I am keeping track of calorie intake at the dinner table, sit-ups repetition at the gym or lost balls on the golf course. Keeping a log of my activities is..
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Jan 4, 2021 | Jul 19, 2019 All Posts

Tale of Two CRMs

The most powerful force in the Universe – compound interest- Albert Einstein Prologue In a previous post, I described two strategies for using Cover-Calls; "1-week strategy" and "1-month strategy". The 1-Week strategy is for required portfolio adjustments. The 1-Month strategy..
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Nov 3, 2020 | Jul 12, 2019 All Posts

Vertical Spreads Decision Points

These aren't the droids you're looking for.Obi-Wan: (Movie: Star Wars - A New Hope) Prologue I initially dipped my delicate tootsies in the tidal wave of Options trading by dutifully going through every online course that Ameritrade has to offer...
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Dec 18, 2020 | Jul 3, 2019 All Posts

Cover Calls Exit Strategy

Do you not know that in a race all the runners run, but only one gets the prize? Run in such a way as to get the prize.- 1 Corinthians 9:24 Prologue In the last post, I touched on strategies for..
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Dec 18, 2020 | Jun 28, 2019 All Posts

Cover Calls Basics

Prologue We learn from failures, not from success (Dracula)   I seem to be all over the map when it comes to a strategy for Cover Calls. I really do not have one to speak of and it has shown..
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