Essential Tips for Options Trading Archives

Nov 20, 2022 | May 28, 2021 All Posts

Custom Options Watchlist using Thinkorswim in Excel – PT 2

In this week's entry, I will explain how I developed my "Killer Watchlist" - a custom Excel/ThinkorSwim spreadsheet I use to select and monitor multiple Vertical Options Spreads at a glance. Hold onto your lugnuts!It's tiiiiime for an overhaul!!! -..

Nov 20, 2022 | May 21, 2021 Essential Tips for Options Trading

Custom Options Watchlist using Thinkorswim in Excel – PT 1

Create a custom Options watchlist using ThinkOrSwim in Excel. This week's Journal Entry will be a bit nerdier than usual as I take a close look at my custom Options watchlist - an Excel Spreadsheet that pulls live data from..

Jul 23, 2021 | May 14, 2021 Essential Tips for Options Trading

Exit Rules: Vertical Credit Spreads – PT 2

When my Vertical Put Credit Option Spread is going bad, these are the Exit Rules I could follow to know when to close. Your mind is a weapon,Keep it loaded.- John Wick (Attributed to) Exit Strategy for Vertical Spreads It..

May 1, 2021 | Apr 30, 2021 Essential Tips for Options Trading

Picking the Right Stock for My Option Spreads – PT 1

"Dead Options-Trader Society?" Taking an introspective look at the requirements for selecting good underlying assets for my Vertical Bull Put Credit Option Spreads and how to go about finding them. I stand upon my desk to remind myselfthat we must..

Mar 20, 2021 | Mar 19, 2021 Essential Tips for Options Trading

Wider Spreads = Diminishing Premiums

This week's Journal Entry will examine how premiums diminish as I construct wider credit spreads. Using graphs for QQQ, DIA, IWM, and SPY, I can show how the spread's premiums flatten out the deeper down the Put Chain I make..

The Good, Bad, Ugly of Options Assignments

Sep 24, 2022 | Mar 12, 2021 All Posts

Short Strike Assignment of Credit Spreads

People with ropes around their necks,don't always hang. -Angel Eyes (Movie: The Good, The Bad and The Ugly) The subject for this week's commentary is to examine the Good, the Bad, and the Ugly of Short-Strike assignments for Vertical Bull..

Exit Plan Vertical Bull Put Credit Spreads

Sep 27, 2022 | Feb 26, 2021 Essential Tips for Options Trading

Exit Rules: Vertical Credit Spreads – Pt 1

Having an Escape Plan (Exit Rules) for my open Vertical Bull Put Credit Spreads is just as critical as having Entry Rules. Table of Content Commentary - Exit Rules - Vertical Spreads This Week's Market Sentiment Trading Readiness Level (DEFCON)..

Aug 8, 2021 | Feb 12, 2021 Essential Tips for Options Trading

How to Keep an Options Trading Journal

We keep moving forward, opening new doors,and doing new things, because we're curiousand curiosity keeps leading us down new paths.- Walt Disney Commentary Another axiom that I find motivating; "I cannot know where I'm going if I do not know..

Feb 5, 2021 | Feb 5, 2021 Geopolitics Affecting My Positions

GameStop Short Squeeze

I will have order!!I will have perfection!!I will have...- Lord Farquaad (Movie: Shrek) Commentary Lord Farquaad demanded order and perfection for his little lordship of Duloc. But the Reddit Revolt of last week has caused quite a mess, and now..

Nov 24, 2021 | Jan 29, 2021 Essential Tips for Options Trading

Trend Trading Using TOS Regression Channel

How to create a Regression Channel in ThinkorSwim and "Trade the Trend." Table of Content Commentary – ThinkorSwim Regression ChannelRegression LineRegression ChannelTOS Regression Channel DeviationThis Week’s Market SentimentTrading Readiness Level (DEFCON)Profit and Loss StatementSchedule for this WeekThis Week’s Trade ActivityVertical..