Blockhead Traders Weekly

In this week’s episode, sprocket888 is joined by viperxl007. viperxl007 is finally back on the show after several weeks of absence. In this week’s episode, the two hosts chat about how their trading has evolved over the years of the show. This is week 159 of the show, meaning the show has been going on…  Read More » A fireside chat.

In this week’s episode, sprocket888 runs through the open trades he has yet to close out as winners. Five falls in this category and are treading water collecting premium as he awaits the trade to gain ground in his favor. These are: $/NG, $FL, $DG, $JWN, and $WOLF. This episode is intended to highlight that…  Read More » When a trade is not a winner, you don’t have to...

In this week’s episode, sprocket888 had an expiring CC that was squarely in the money (ITM). However, he could still collect more premium if he pushed out the option another month. This would keep him eligible for the next dividend payout. The episode calls out how the play can look done, but you can keep…  Read More » Keep pushing the wheel even if it looks uphill.

In this week’s episode, sprocket888 played three earnings trades: $FL, $JWN, and $MDB. The three all took different paths. sprocket888 looks at these three trades and discusses the setup, the event, and the management afterward. The worst situation was $FL, where the trade went deep into the money when the move far exceeded the expected…  Read More » The Good, the bad, and th...

In this week’s episode, sprocket888 takes a quick look back on an earnings trade this week. Selling premium is the trading style of choice for sprocket888, and four times a year, he gets to turbocharge the plays during the earnings season. Earnings are a known binary event. Leading up to the announcement, there are a…  Read More » Textbook Earnings: Reflection on $AAP Earning...

In this week’s episode, sprocket888 is joined by viperxl007. This week, both traders reviewed the reps they had taken in the trading gym. sprocket888 first covers his premium selling trading. First, a trade on $/NG close to the standard setup. Followed by an earnings trade setup on the big green monster of $NVDA. viperxl007 then…  Read More » Trading gym reps: Premium selling...

In this week’s episode, sprocket888 reviews two recent management trades in his portfolio. $WOLF and $DG. Both of these trades were put on as premium selling earnings trades. Each one is in a different phase of management. The first is $WOLF, which has yet to be assigned. The Put strike was breached after earnings, and…  Read More » Earnings Miss: Manageable when premium sell...

In this week’s episode, sprocket888 and viperxl007 welcome back special guest silverback. In this episode, sprocket888 first touches on an earnings trade that did not work out in the ideal fashion, and he discusses how he managed the trade. Then sprocket and viper bring in special guest silverback and discuss the experiment that viper kicked…  Read More » Bitcoin ETFs: Are th...

In this week’s episode, sprocket888 attempts to reel in the earnings trades he laid out last week. There were three, and as of the recording, two were fully reeled in, and the third was still fighting on the line. $SBUX, the first, was a straightforward haul and turned an excellent quick profit. $AMD, the second,…  Read More » Earnings trades: Reeling in the fish.

In this week’s episode, sprocket888 gets out the fishing line to troll for some earnings trades. As earnings season gets underway, there are some volatile trades out there. While a lot of the market is pushing up and to the right, a few names are extra extended going into next week’s earnings. In this episode,…  Read More » Earnings trades: A tale of three tickers.

In this week’s episode, sprocket888 is joined by viperxl007. This recording was made one week after trading began on the Bitcoin spot ETFs. The two hosts look at how it is going and how it has been relative to the discussions and predictions in last week’s episode. They round the episode off with a new…  Read More » Bitcoin spot ETF: One week in

In this week’s episode, sprocket888 is joined by viperxl007. This recording occurred on the day the SEC approved several spot price ETFs on Bitcoin. This concludes well over a year of drama. This episode is full of aging risk because it was recorded POST approval, but BEFORE a single trade took place on the open…  Read More » THE riskiest episode to date.

In this week’s episode, sprocket888 is joined by viperxl007. They discuss the latest crypto buzz that has consumed the crypto space and the mainstream media. This buzz is all around the potential upcoming Bitcoin ETF approval by the SEC. Approval here will create an investment product that will be approachable to all retail traders and…  Read More » Bitcoin ETF: Buy the rumor...

In this week’s episode, sprocket888 covers a busted earnings trade. He documents the management actions he has taken to date and highlights the ones he plans to take. This episode shows that assignments can and do happen in the world of premium selling. Often, these assignments lead to further declines in profit. However, while the…  Read More » You can be down, but you don&#...

In this week’s episode, sprocket888 covers his core strategy. This strategy focuses on just two metrics: Delta and Theta. He likes to keep his Theta high and his Delta low. Theta is a measure of time premium in options. This is a value that steadily declines as time passes. The strategy revolves around selling the…  Read More » Theta up, Delta down.

In this week’s episode, sprocket888 is joined by viperxl007. First up, sprocket888 talks about a premium selling trade that he engaged in on Natural Gas (/NG). This is one of his standard premium-selling plays. This is not associated with any binary event. After that, they looked at the current market and where we might stand…  Read More » Bull or Bear? Should you care?

In this week’s episode, sprocket888 is joined by viperxl007. They take a look at trading mechanical. This is an aspect of trading we mention, as it is critical to staying in the game over the long term. The first topic is an update on the $CHWY trade from last week. This is an excellent example…  Read More » Discipline: It takes practice to achieve.

In this week’s episode, sprocket888 recorded off-cycle. In this episode, sprocket888 looks at two potential earnings trades that are upcoming this week. The first is in $CHWY, and the second is in $DOCU. This week, the difference in looking at these is that sprocket888 explores the trades with no protection and then discusses the different…  Read More » Earnings: With and wit...

In this week’s episode, sprocket888 recorded an off-cycle for the US holiday of Thanksgiving. These are two positions that sprocket888 holds from an assignment that is getting interesting to get some more premium out of. The first up is $DG. Dollar General was an earnings trade that did not work out, and a sprocket was…  Read More » So you have been assigned: How to wheel out...

In this week’s episode, sprocket888 is joined by viperxl007. They dive into a recent crypto project bullet that was dodged. The two traders had been invested in a Delta Prime brokerage strategy. This strategy was a “delta neutral” plan accruing $AVAX in a leveraged capacity. One of the pools that was holding the funds was…  Read More » There is no such thing as an...

In this week’s episode, sprocket888 goes back to the three earnings trades he picked out in the last episode and covers how they did. This is a crucial thing to do because the calls last week were made before the earnings, and this ‘pure’ reflection will show no smoke and mirrors here. We are not…  Read More » Conclusion of the Earnings Trio: $GT, $VERV, $AYX.

In this week’s episode, sprocket888 goes on a hunt for some earnings trades. These trades will mostly be done by the time this video is published. The point is to create knowledge of the fundamentals of the trades. We are not looking for copycat traders. Copycat traders will ultimately lose in the end because they…  Read More » Earnings Trio: $GT, $VERV, $AYX

In this week’s episode, sprocket888 will share some knowledge he recently got on ‘The Money Supply.’ This topic came up in a recent episode on the usdebtclock.org website. It was a topic that sprocket wanted to look deeper into. In this episode, we do just that. We cover what exactly money is, how it is…  Read More » The Money Supply: What is it and how does it wo...

In this week’s episode, sprocket888 does a special episode focusing on his portfolio maintenance in October. There are a few trades that need to be managed. The first is an option on the /RTY futures index. The second is a covered call in $CVNA. sprocket also shares his trading setup configuration and how he scalps…  Read More » October Maintenance: A window into sprockets ma...

In this week’s episode, sprocket888 looks at the start of 3rd quarter earnings. Earnings is one of sprocket888’s favorite ways to trade volatility contraction. As 3rd quarter earnings start, he walks through his screener and picks out a play on $WBA. The methodology covered in this episode can be used again to screen for other…  Read More » Earnings: First play of the Q...