Blockhead Traders Weekly

In this week’s episode, sprocket888 and viperxl007 tackle the big topic of futures. There is a lot to unpack with this topic, but looking piece by piece, it is not as complex as you might think. This is by no means an in-depth look. Instead, they cover the very basics of futures and options on…  Read More » Futures, not as complicated as you might think

In this week’s episode, sprocket888 and viperxl007 reflect on three months of 1% trades. They also go into great detail surrounding ‘The Wheel.’ viper covers his learning experience with the wheel on $T. sprocket covers his experience with the wheel and the type of environments he likes to trade it in. In the most recent…  Read More » 1% Plays, Three months in

In this week’s episode, sprocket888 and viperxl007 catch up on the 1% trades. sprocket opens a new trade on $BYND, and viper gets close to the end of the $T wheel he has going. They also discuss mental games. sprocket opened up a hedge in early Jan to counterbalance his long positions. This hedge has…  Read More » Attempting to look $BYND for profit.

In this week’s episode, sprocket888 and viperxl007 look at recent market movement and recap the status of the 1% trades still in flight. viper then lays out his latest 1% play on $T. The strategy on this one is known as ‘The Wheel.’ This is an options strategy where you start by going long in…  Read More » The wheel, transporting traders to profits.

In this week’s episode, sprocket888 and viperxl007 celebrate the 100th episode milestone. The celebration was a blast to record. Unfortunately, there was an audio snafu where sprocket’s mic did not record to disk. This led to some heavy dubbing after the show to recover the content. The content was too good to leave behind. To…  Read More » A new trader’s confusio...

In this week’s episode, sprocket888 is joined by viperxl007. We start with the big FOMC news of the 0.25% rate hike. From there, we head to the several 1% trades that have closed out. As we are always targeting to get better, we look to see if there is anything to learn from them. sprocket…  Read More » 1% Trade Reflections, Learning from the past.

In this week’s episode, sprocket888 covers a 1% play on $AMZN earnings. More important than the actual play is the methodology and strategy used behind the trade. This approach is how sprocket targets his earnings plays, selling volatility. sprocket steps through the whole process, starting with what the objective is. He steps through, screening, clearing,…  Read More » 1% Ea...

In this week’s episode, sprocket888 is joined by viperxl007. In the Blockhead Traders discord, there is an activity on some Fridays called “The Gamma Lotto.” The week we start by explaining what the gamma lotto is, why it does what it does, and showing you how it is played. The mechanics at play here help…  Read More » The Gamma Lotto, little trade, big excitement...

In this week’s episode, sprocket888 is joined by viperxl007. This week two of our 1% trades have closed out. One for a loss and one for a small win. During this episode, we take a detailed look at both trades and perform a retrospective. Performing a retrospective is an essential part of trading growth. It…  Read More » Retrospection, An important step in getting better.

In this week’s episode, sprocket888 is joined by viperxl007. We start the year 2023 with a 1% play on $SPLK. This is a trade that viper has found and decided to take. During this trade, viper started to have some second thoughts about this play after entering. viper talks through some risk mitigation efforts deployed…  Read More » Crypto Regulation, is this the beginning of t...

In this week’s episode, sprocket888 is joined by viperxl007. The end of 2022 is finally here. This has been the worst-performing market since 2008. sprocket and viper bid farewell to a year less than optimal for trading. Next, they recap where the open 1% trades are sitting. sprocket then discusses a tight play that he…  Read More » Threading the needle on $COIN.

In this week’s episode, sprocket888 is joined by viperxl007. In this episode, we update you on where all the 1% plays are sitting. Then sprocket lays out a new 1% play on $C. This play is a gamble, as there is a high probability of becoming a 100% loser. That is considered when determining the…  Read More » A $20 Scratcher and an update on Chikn.

In this week’s episode, sprocket888 is joined by viperxl007. In this episode, we look at recent market developments with the raising of the core interest rate and what this could mean for traders. Then we check in on the $UMPQ play that viper had going. The play is now off the table, and viper does…  Read More » Futures, bringing excitement outside of day job hours, $/MCL.

In this week’s episode, sprocket888 is joined by viperxl007. In this episode, viperxl007 is getting BACK into the equities game. He has never really left watching equities, but in early 2022, he started pulling capital from equities and spending more time trading and investing in crypto. viper is taking the 1% challenge to bring money…  Read More » Viper is back in the equiti...

In this week’s episode, sprocket888 is joined by viperxl007. First up they take a look at the latest comments by Jerome Powell. After that, sprocket reviews the 1% challenge with viperxl007 to see his thoughts on the challenge. The episode is wrapped up by revealing and discussing the first 1% play on $KSS. There were…  Read More » The inaugural 1% Play, a bullish vertical on...

In this week’s episode, sprocket888 flies solo and lays out the details of “The one percent challenge.” This challenge is about building a good habit of starting slow and steady inflows into a trading account. The name is derived from the goal of depositing 1% of your weekly income into a brokerage account. The median…  Read More » The 1% Challenge

In this week’s episode, sprocket888 is joined by viperxl007. The collapse of the second largest crypto exchange, FTX, has engulfed news feeds. As we have been traders and prominent crypto industry advocates, we take a look this week at the FTX situation and offer our thoughts. First, we focus on what happened by looking at…  Read More » FTX Implosion: Is this the beginning of...

In this week’s episode, sprocket888 is joined by viperxl007. 2022 is winding down compared to 2021 the performance of our portfolios has been terrible. This episode is a working session to see if there are aspects of PA that can be combined with the mechanical option strategy that sprocket888 uses. To analyze this, we use…  Read More » Can you make mechanical PA and option se...

In this week’s episode, sprocket888 is joined by viperxl007. First, we round out the $AMZN play from last week’s show. In that show, we discussed the mechanics of a trade around earnings. In this episode the earnings event is over, and we dissect the movement after the announcement and talk through the continuation of the…  Read More » Closing out the $AMZN earnings and...

In this week’s episode, sprocket888 is joined by viperxl007 to look at playing earnings with options. Earnings are a binary event where volatility builds leading into the event, and then post the event, volatility collapses. This is an excellent setup to play with options. The play that we look at in this episode is selling…  Read More » Preparations for option earnings play:...

In this week’s episode, sprocket888 manages his trade on $AMZN by rolling out the option in time one month. $AMZN was in an interesting position where it was still ITM, but volatility had increased. This situation has allowed sprocket to collect a very rich premium on the roll (more than average). Then sprocket uses the…  Read More » Practical application of Price Action

In this week’s episode, sprocket888 and viperxl007 look at shorting stock. sprocket discusses how this year has been challenging as the markets have been on a march seemingly to zero. The trend all year has been bearish, which is quite a change from previous years. There are calls to simply “short” stocks in a down-trend…  Read More » Does shorting scare you?

In this week’s episode, sprocket888 and viperxl007 have a transparent discussion on when to exit a position that only looks to be going higher. Both sprocket and viper have been investing in a crypto ecosystem called chikn.farm. They entered this with little expectations of what would unfold. The ecosystem has been on fire lately, and…  Read More » The Struggle is Real: Exiti...

In this week’s episode, sprocket888 looks at two of his open trades. The first is on $AMZN, and the second is on $CVNA. Both of these trades were premium selling trades. Both plays have been going more and more in the red but have not reached a point to lock in the loss yet. This…  Read More » Checking in on open trades: A look at $AMZN and $CVNA

In this week’s episode, sprocket888 and viperxl007 discuss a new project that they found called ‘Forum.’ This project aims to allow individuals to combine resources while safely preserving governance over the pooled resources. viper and sprocket discuss how this could be very interesting to allow a small group of retail traders the ability to pool…  Read More » Pr...