Damocles Weekly Trade Journal

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List all Options Trades by Damocles posts

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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Jul 15, 2021 | Aug 16, 2019 All Posts

How to Manage Losing Vertical Spreads

Prologue This week I am still reacting to the market meltdown that started July 31. Over the past 11 trading days, the Dow lost 1,600 points. As a result, my three Vertical Put Spreads that expires this coming Friday (8/16)..
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Nov 19, 2020 | Jul 26, 2019 All Posts

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 Trade Trudging

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 | 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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