Space, the final frontier. These are the voyages of the Starship… uh… Longshot. Our five-year mission: to boldly explore the uncharted territories of Vertical Spreads, to seek out new income streams (and promptly watch them fizzle), to boldly lose… er,..
As I recount my 5-year journey in the world of Vertical Bull Put Credit Spreads, I liken the strategy to the seductive but ultimately unfulfilling Mrs. Robinson. I shared my struggles, doubts, and moments of despair. Yet, small victories always..
My Ameritrade accounts were transferred to Charles Schwab on the weekend of Nov 3. And for the better part of this month, I’ve been picking up the pieces. I felt like Carl Fredricksen in a slow slog, trudging towards my..
With the US deficit approaching $2 trillion this year, inflation at a gut-buster 17.5% above 2020's consumer prices, interest rates at a stifling 5.25%, expanding military involvement in the Middle East, Europe, and Asia, a dangerously polarized population, a politically..
Excessive greed, impatience, and naïveté are the bane of all Marketeers. When we take on excessive and misguided risk, we eventually get slaughtered. It is the mission of every Marketeer to understand when to use the appropriate Option strategies. Table..
In this week's Journal Entry, I plan to create a consolidated matrix for my Vertical Spread's Entry Rules. I want one easy table for Bull Put Credit Spreads, Bear Call Credit Spreads, and Iron Condors. Then I plan to take..
There are a lot of geopolitical issues on our nation's plate this year. We have historic economic woes, a watershed Supreme Court ruling, and a political revolution that appears set to jettison the Progressive Political Experiment this coming November. So,..
I need to avoid Bull Traps. So here are 5 things that must happen before a bull market can return. I will also highlight my 3 missed "red flags" from over the past four months. I don't want to miss..
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. Table of Content Commentary..
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..
