Rockwell Trading: Recent Episodes
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What’s The Best Vertical Spread Option Strategy? Today, I’m going to talk to you about vertical option spreads. What is the best vertical spread option strategy? I’ve heard other traders call vertical spreads a “weekly paycheck.” Is that true? If you ask me, that sounds amazing! In this article, I’m going to provide […]
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There Are Two Extreme Types of Traders Today, let’s talk about what type of trader you are. You might be wondering what I mean by that. In my mind, there are two distinct groups of traders and we’ll talk about both of them in this article. This is actually a follow up on […]
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This is one thing that I have noticed with new traders and even those with more experience. It’s not always clear to traders when to be buying options and when to be selling them. In this article, I’m going to guide you through the key differences between buying vs selling options. I’m writing this specifically […]
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Introduction A question I often receive is about the margin requirements of a brokerage when selling put options. From what I’ve seen, many traders are getting it wrong and this could lead to some costly trouble. In this article, I’m going to break this down and explain things so you understand how it […]
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Introduction: Selling Calls Before Expiration By now you all know that I love trading using the Wheel Strategy. But at a certain point, there is always a decision to make: Should you sell your call options on Friday to get additional premium from what is known as the ‘weekend time decay’? Sounds tempting, […]
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How to Choose the Best Stock for Selling Options A question that I receive often is: “How do I find the best stocks for selling put options?” Considering a bulk of my trading strategy revolves around selling options, it’s something I take very seriously. For the past few weeks, and even months, I […]
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Choosing The Best Strike Price To Sell Covered Calls This is an article I’ve been meaning to get to for quite a while now. Today, I’m finally going to show you how to find the best strike price to sell covered calls. Covered calls can be a great way to generate income through […]
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Buying Back Options When we talk about trading options, we want to find the best way to maximize our profits from a trade. Today, I’m going to talk about buying back options, specifically a call option. In this article, I’m going to show you how to execute this to lock in profits, and […]
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Should You Sell Options During Earnings? A question I get asked A LOT is, “Should you sell options during earnings?” Earnings season happens four times every year so it’s something we always have to deal with as traders. On one hand, volatility is much higher during earnings season so there is an opportunity for […]
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How long does it take to learn how to trade stocks? It’s a question I get asked frequently and to be honest, I don’t know the answer. Why? Because the answer is actually different for every trader. Some will claim that it only takes a few weeks to master. Others will say it […]
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Have you ever wondered what the difference is between Day Orders Vs Good Till Canceled Orders (GTC)? Both of these are important for traders and I’m going to explain why! Day Order Vs GTC Order Definitions In trading, there are two specific order types that you can use. Day Orders are exactly as […]
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Happy Saturday! I’m back in the United States We arrived late last night from Germany, and this weekend, I’ll be in Boston since Vivian has a sailing event. Of course, there were delays: Our United flight from Frankfurt was more than 2 hours delayed. But THIS gave us a chance to enjoy the great Lufthansa […]
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What is the “Open P&L (Profit And Loss)?” Open P&L: Have you ever wondered what the abbreviation ‘P&L’ means? I see this all the time in the titles of YouTube videos and on social media. The P&L is just a short and easy way of saying the Profit and Loss of your position […]
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Happy Thursday! Yesterday, I broke the law – and somebody caught me on camera! If you are not getting an email from me tomorrow morning, then you know what happened: The police arrested me! Well, we are not there (yet). So let me tell you what happened while I still can. A little over 3 […]
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Happy Tuesday! First of all, sorry for the late email! Usually, I’m sending you an email at 7:30am Central Time, but since I’m still in Germany, I got the time zones messed up. And right now, I’m visiting my parents. It’s our second to last stop, and … I think I made a big mistake! […]
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Happy Saturday! Yesterday, Vivian and I arrived in Karlsruhe (Germany) to visit my son Julius who’s working at the Karlsruhe Institute of Technology this summer. We strolled through the city and went to a “Biergarten” to have some dinner: “Schnitzel”, “Haxe” and “Radler” (google it!) … and that’s when Julius had a “great” idea: He […]
The post From today on, call me “Po” appeared first on Rockwell Trading.
Are you looking to get into options trading but don’t know where to start? This article will be perfect for you! Not only will it act as a beginner’s guide to options trading, but I will personally help you understand it without all of the useless jargon. I’ll explain exactly what options are […]
The post The Complete Beginner’s Guide To Options Trading – Options 101 appeared first on Rockwell Trading.
Happy Wednesday! Right now, I’m visiting my brother Michael in Germany. He has a Golden Retriever, and his name is Sunny. He is very active and super intelligent, and Sunny is like many traders He loves his toys! His favorite one is a porcupine. Last night, Vivian and sunny played with the porcupine, and they […]
The post Don’t be like Sunny! appeared first on Rockwell Trading.
Happy Tuesday! Yesterday, Vivian and I arrived in Germany. After we landed in Frankfurt, we boarded one of the high-speed trains to go to Leipzig and visit my brother. As you know, I travel A LOT. I love traveling! 🙂 And I love spending time with my kids – oh yes… on Friday, we will visit […]
The post Here’s How I’m Making Money While I Sleep appeared first on Rockwell Trading.
Happy Sunday! Today, Vivian and I will fly to Germany. But as promised, I will show you the exact trades that I did this week I took 3 trades this week. As you know, I was driving back from California to Austin on Tuesday and Wednesday, so I took all 3 trades on Thursday. Right […]
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Happy Saturday! Wednesday night, Vivian and I got back from the sailing regatta in Long Beach, CA. It was an amazing roadtrip: We drove 3,586 miles = 5,771 kilometers! While driving through the desert in Arizona at 115F (48C), I realized that … There must be a new law! And the law is “The Law […]
The post We’re Back From the Sailing Regatta! appeared first on Rockwell Trading.
When trading The Wheel Strategy, there will be the opportunity for tremendous gains. As with any trading strategy, there will also be risk that your trades could turn into losses as well. One example I always look at is: What to do if a stock you own suddenly tanks and you can’t sell […]
The post Wheel Strategy Risks: What To Do If The Market Crashes appeared first on Rockwell Trading.
During yesterday’s sailboat racing, Vivian hurt her shoulder – badly. I didn’t want to go to an Emergency Room on a Sunday, especially since it’s not a “life-threatening injury.” So we decided to go to Urgent Care. THAT seems to be a much bigger challenge in LA than I thought: The first one was CLOSED […]
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Happy Sunday! Right now, I’m with my daughter at the National Championship Sailing Regatta in Long Beach, CA. It’s a 3-day regatta, and yesterday was the second racing day. Every day, the kids sail four 45-min races around a race course. Everybody starts at the same time – almost like a horse race. And then […]
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Happy Friday! Late last night, we arrived in Long Beach, CA. The sailing regatta starts today. Here’s what happened yesterday: Yesterday morning, Vivian and I went for breakfast and checked the wind forecast for the weekend. Because Vivian wants to be prepared: Will it be super windy? Will there be light wind? Will the wind […]
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The Bid and Ask Price are two things you’ll hear quite often when trading stocks. In this article, I want to review what exactly the Bid and Ask Prices are, and how you should use it when trading. Let’s get started! What Is The Bid and Ask Price? I find the easiest way […]
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