Blockhead Traders Weekly

In this week’s episode, sprocket888 is joined by viperxl007. They look at some of the calls on earnings that they made last week to check and see how suitable the calls were. They also add a new play on AAPL ahead of earnings. viperxl007 talks about the mechanics of how to make a play on…  Read More » Trading Update on Earnings Round 1 Plays: $TWTR, $LC, $AAPL, and $SOL

In this week’s episode, sprocket888 looks at the upcoming week and some potential earnings plays that look ripe for the picking. Please note that earnings plays can be very dangerous and are very binary. There is often no reaction time to adjust or change your position. sprocket888 is looking for shorting volatility going into earnings;…  Read More » Possible Q3 Earnings Roun...

In this week’s episode, sprocket888 and viperxl007, look at $SESN, which has picked up in volume and price this week. Several weeks ago, they made a play on $SESN. This could be the start of the move we were waiting for. After really diffing into $SESN, we retake a look this week on $SHIB. This…  Read More » $SESN breakout? plus crypto and price action, $SESN and $SHIB

In this week’s episode, sprocket888 and viperxl007 are joined by fellow Discord trader death8u. This episode is a deep dive into price action trading. We use two recent trades to discuss the trades and then dive into price action discussions on the charts. First up is viperxl007’s trade on the meme on a meme coin…  Read More » Price action on crypto and social: $SHIB an...

In this week’s episode, sprocket888 is treading water, and viperxl007 is dodging bullets. sprocket888 only sold some covered calls on positions he had ($C and $AAPL). viperxl007 has a clean slate and has played in a lot of tickers. viperxl007 played $SFIX, $AVIR, $MVIS, $BATUSD, and $LTCUSD 0:00 Disclaimer 0:23 Intro 1:24 sprocket888 weekly recap…  Read More » Treading water...

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