Blockhead Traders Weekly

The rain started to fall at the start of the week this week. This put a lot of pressure on the portfolio of viperxl007. This small rain storm allowed sprocket888 to observe some interesting points on his portfolio hedge from last week’s episode. $AVIR, $FSLY, $MVIS, $RKLB, $/ES 0:00 Disclaimer 0:20 Intro 1:40 viperxl007 positions…  Read More » Dampened Spirits: $FSLY, $MVIS,...

In this week’s episode, we will look at a fundamental technique of placing a hedge. There are many ways to place a hedge. In this episode, we talk about a hedge, give some examples of hedges, and share our thoughts on hedges. In the end, we look at a natural hedge that sprocket888 recently put…  Read More » A low cost high protection hedge

In this week’s episode, viperxl007 discusses some day trading moves on $RKLB, and sprocket888’s trade on /NG runs out of gas and books a significant loss. 0:00 Disclaimer 0:20 Intro 1:37 viperxl007 takes a look at $RKLB 6:25 Intraday swing trades on $RKLB 13:50 Heikin Ashi view enhancement 19:00 $RKLB view from sprocket888 28:22 Intro…  Read More » Moon Rockets, Low on...

In this week’s episode, viperxl007 takes us into his screening process, and sprocket888 shares his frustration on three tickers ($LAZR, $PLUG, and $RIDE). viperxl007 is looking at a new screening method, and he is sharing a screening session. sprocket888 has been rolling three tickers now for nine months. They have not reached the bailout price…  Read More » Stuck in No Man&#...

In this week’s episode, viperxl007 and sprocket888 jumped into the $SESN play mentioned last week. Additionally, we will take a look at two other plays that are in flight. One on $MVIS and the other on futures options in the /RTY index. 0:00 Disclaimer 0:20 Intro 1:44 We opened a play on $SESN 3:47 $SESN…  Read More » Open Plays $SESN, $MVIS, $RTY

In this week’s episode, viperxl007 and sprocket888, look at some INTENSE action on $SESN that went down on Friday the 13th. ViperXL007 was in this trade when the bottom fell out. We get his take on the events. Sprocket888 was on the outside looking in and decided this might be an exciting entry point after…  Read More » $SESN from 6.00 to 0.86 in one tick

In this week’s episode, viperxl007 and sprocket888 look at some of the open positions they have on and talk about what they think about them. $ASTR $PLTK $LAC $FSR $C $BYND 0:00 Disclaimer 0:20 Intro 1:42 viperxl007 plays (screening) 4:46 $ASTR Play 7:19 $PLTK Play 8:15 $LAC 9:18 $FSR 10:50 Q&A on viperxl007 entry 12:47…  Read More » Open Plays $ASTR $PLTK $LAC $FSR $C $B...

In this week’s episode, we look at how to “Roll.” This is an option trade that will extend the length of the trade by moving it out in time. In this episode, we will use a recent roll with $CVAC to help explain. 0:00 Disclaimer 0:21 Intro 1:35 What is a “Roll” 3:30 $CVAC as…  Read More » How to Roll an Options Position: $CVAC

In this week’s episode, we look at an option strategy of selling a naked Put in hopes of reaching an assignment. This allows entry into an underlying at a discount due to the premium collected on the Put from the initial sale. 0:00 Disclaimer 0:20 Intro 1:12 How to go short to get long 1:35…  Read More » Getting Short To Go Long

In this week’s episode, we look at the recent deposits from the IRS for the advance refund of the 2021 child tax credit. Be aware there could be adverse outcomes for you, the taxpayer. Then we look at a bit more of the sprocket888 and viperxl007 interviews from last week. Join Blockhead Traders in our…  Read More » Child Tax Credit Payments

In this week’s episode, we have a casual conversation with some Blockheads on how they got started trading and heard their “elevator pitch” on what to consider when starting. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode, we look at a couple of trades we have in play right now. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode, we look at a trade that went all kinds of wrong and ended up with an $8,500 loss. Failure was in the books for this trade, but many of the trading rules were ignored, making the loss bigger. The episode is intended to serve as a warning to others about how…  Read More » The Soy (/ZS) Disaster

This episode is part 4 in a 4-part series of “How to Start Trading.” In this week’s episode, we talk about some factors to consider when getting ready to open your trading account. We start with many features to look for to match your trading style. We then comment on a few of the brokers…  Read More » How to Start Trading pt 4: Open Your Account

This episode is part 3 in a 4 part series of “How to Start Trading.” In this week’s episode, we talk about the building blocks of a trading strategy. There is no way for us to cover all of them. We will give you the system’s building blocks and describe our top two methods. Join…  Read More » How to Start Trading pt 3: Trading Strategies

This episode is part 2 in a 4 part series of “How to Start Trading.” In this week’s episode, we talk about the aspect of psychology and trading. There is much to be aware of because trading can play with your mind. We help you prepare for it. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff…  Read More » How to Start Trading pt 2: Trading Psycholo...

This episode is part 1 in a 4 part series of “How to Start Trading.” This week’s episode discusses the importance of financial readiness when it comes to getting ready to embark on a trading journey. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode we start to take a look at crypto markets. We talk a little bit about Ethereum, Bitcoin, and Dogecoin. This is a space that sprocket888 played in a long time ago but has not visited back in over a decade. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode we look at a day trading technique called “The Bear Trap”. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode we look at the basic parameters for screening for premium selling option plays. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode we look back at last weeks earnings calls on EBAY, OSTK, NOVA, and AMZN. We then look at the Small Exchange from Tastyworks. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode we look back at last weeks earnings calls on NFLX and SNAP. We then look at the upcoming week at possible plays on EBAY, NOVA, and AMZN. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

This week’s episode discussion is “Trading Earnings”. In this week’s episode we take a look at making an earnings trade. We discuss what an earnings trade is and what are some things to look at before entering one. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888

In this week’s episode we take a detailed look at trading and taxes. We discuss what exactly is a “Wash Sale”. We also review some best practices to prepare for the tax bill when trading. This week’s episode discussion is “Taxes, Wash Sale”. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang...

In this week’s episode we take a detailed look at a custom spreadsheet that Blockhead Traders utilize to make sure that the position size is correct. This week’s episode discussion is “Position Sizing”. Join Blockhead Traders in our Discord: https://discord.gg/89Zywff Follow sprocket888’s trades: https://www.thetagang.com/sprocket888 Google Sheet discussed in this epi...