Blockhead Traders Weekly

In this week’s episode, sprocket888 is joined by viperxl007. This week is a special episode that was started from viewer-requested content. A viewer contacted us and asked us if we knew the “Treasury Dollar” number on the usdebtclock.org website. This is not something that viperxl007 or sprocket888 knew about. However, as always looking to expand…  Read More » Vie...

In this week’s episode, sprocket888 is joined by viperxl007. The overall markets have been in a pullback mode for a few weeks. This pullback has sprocket and viper a bit bored in the market. Each covers things they are doing to keep interested in the market and bide time during the slide. sprocket888 has started…  Read More » Market doldrums: sprocket and viper dabble in some...

In this week’s episode, sprocket888 is solo. sprocket888 revisits two recent experiments to update on how it is going. The first update is on the US Treasury strategy for parking the cash in his trading account. This is a 5wk ladder into 4wk T-Bills. This allows sprocket888 to 10x his return on money that needs…  Read More » Update on Treasuries and Hummingbot

In this week’s episode, sprocket888 is joined by viperxl007. This episode was planned to cover three experiments and update on all three. However, a significant portion of the recording was lost and could not be recovered. So, the only salvageable part was the update on the Bitcoin challenge viperxl007 engaged in about two months ago.…  Read More » Update on Bitcoin Challenge

In this week’s episode, sprocket888 is joined by viperxl007. First up, they touch on some updates in the crypto regulation space. There have been two notable court cases. The first case was about the risk of participating in a DEX. The takeaway from this case is that the judge ruled that there is insufficient guidance…  Read More » Trading bots: directionless profit potential

In this week’s episode, sprocket888 is joined by viperxl007. They take a quick look back on how the Russel has progressed in the past week based on the findings from last week. The conclusion is that sprocket888 still needs clarification, and more practice is needed. As part of a distraction to the practice, sprocket went…  Read More » Earnings can be a healthy distraction.

In this week’s episode, sprocket888 is joined by viperxl007. They start by adding more information on US Treasuries and buying power. sprocket888 mentioned last week that this was a valid method to utilize the capital in your margin account marked for buying power expansion. He confirms this does indeed work. The rest of the episode…  Read More » Working Session: Price Action...

In this week’s episode, sprocket888 is joined by viperxl007. sprocket888 has been researching and learning all about US Treasuries and how they might fit into his portfolio. sprocket888 shares what he has learned so far with viperxl007. He starts with what precisely the US Treasury is and what it does. sprocket hits on all the…  Read More » Fixed Income: A New Dimension for y...

In this week’s episode, sprocket888 and viperxl007 examine the current market condition. Offering some thoughts on the S&P. sprocket888 talks about the Uber-hyped AI trade and the associated names going to the moon. viperxl007 then helps look at the current price action on the $SPY to see if there are clues as to what road…  Read More » Current market action and what PA t...

In this week’s episode, sprocket888 and viperxl007, take a look at House Bill 4763. This bill recently introduced to the House floor is the first step in offering guidance regarding regulating the crypto markets. The media has had several ‘hot takes’ on the bill’s contents. The best way to understand these ‘hot takes’ and decide…  Read More » Hou...

In this week’s episode, sprocket888 and viperxl007 share their ONE thing. This is the ONE thing they would share with a newcomer to the financial markets if they were only allowed to share one thing. sprocket888 focuses on a relentless pursuit of knowledge, while viperxl007 mentions the importance of not giving up too fast and…  Read More » What is the ONE thing: The single b...

In this week’s episode, sprocket888 reports out solo. The upcoming week will be the busiest earnings week of Q2, and earnings trades are something sprocket88 enjoys, so he looks at three exciting announcements from a premium selling perspective. To start, sprocket888 recaps his filtering technique which will help to highlight the best opportunities. Once through…  Read More »...

In this week’s episode, sprocket888 is joined by viperxl007. This week they look at a few experimental things that viper has been trying out. The first topic is the market maker bot that viper has been running. Recently this bot has hit a milestone. That milestone is the point at which viper has recouped his…  Read More » Hard Hats On: An update on some experimental topics.

In this week’s episode, sprocket888 is joined by viperxl007. This week they take a look at the world of ETFs. First, they cover the ETFs at a high level noting the composition and variety. They then drill into the specific ETF type of crypto, notably Bitcoin. This is an exciting product because the SEC is…  Read More » ETFs: A flavor for everyone. Yes, even crypto.

In this week’s episode, sprocket888 uses an actual trade he has had going for a while on $AMZN to discuss the Covered Call. This type of trade is excellent for learning the art of selling options. This is because the core portion of the trade is owning equity shares, something most individuals are already comfortable…  Read More » Covered Call: SUPER Boring, but great for get...

In this week’s episode, sprocket888 looks at a common mistake that traders/investors make. That is, they often look to the past to determine the future. This is a careless thing to do because the past has never been a predictor of the future. The world is full of events that have no historical parallel. This…  Read More » Things that have never happened before happen all the...

In this week’s episode, sprocket888 is joined by viperxl007. In the aftermath of the SEC lawsuits, all the “alt-coins” have dropped precipitously. This stems from many CEXs getting nervous about the impact of offering these coins based on the response of the SEC to Coinbase and Binance. This is an excellent example of how a…  Read More » Reality in trading is rela...

In this week’s episode, sprocket888 is joined by viperxl007. Recently the SEC has launched a full-scale attack on centralized crypto exchanges (CEXs). This is unsurprising, as they have been telegraphing this since the current commissioner Gary Gensler took over. In this episode, we take some foundational level-setting. The first element to level-set on is ‘What/Who…  Read M...

In this week’s episode, sprocket888 is joined by viperxl007. They discuss the latest buzzword of “AI.” This noun has taken off in all financial stories with a new magnitude following the big earnings beat of nVidia in the most recent quarter. Artificial intelligence will surely be a disruptive technology, but the punch bowl is overflowing,…  Read More » AI here, A...

In this week’s episode, sprocket888 takes a look at options on futures. There are three characteristics of options on futures that can turbocharge a portfolio. First, there is a limit and narrow set to look at, so there is no concern about ‘getting lost.’ Second, the buying power required is based on SPAN margin and…  Read More » Options on Futures: Portfolio Nitr...

In this week’s episode, sprocket888 is flying solo. He takes this opportunity to talk about the two metrics that direct his portfolio composition. Those two metrics are his portfolio Delta and his portfolio Theta. sprocket888 is a pure premium seller. However, the magnitude and risk that is sold must be controlled. Over the years of…  Read More » What makes sprocket888’...

In this week’s episode, sprocket888 and viperxl007 look at a new opportunity to profit from a service. This time viperxl007 is experimenting with running a market-making bot. While this bot is operated in a small niche corner of the crypto space, the same concepts and principles apply in any free market. However, because this market…  Read More » If you can be a market-maker,...

In this week’s episode, sprocket888 and viperxl007 are only one week after the discussion on $FRC and whether it should be traded. Well, $FRC is no longer around. Their assets have been seized and sold to JP Morgan. viperxl007 and sprocket888 talk about what unfolded and what lessons they learned. This is the first stock…  Read More » Stocks can and DO go to ZERO

In this week’s episode, sprocket888 and viperxl007 look at $FRC. First Republic Bank has been front and center in the banking liquidity scare. There have been many tradable events with the underlying, but SHOULD you be trying to trade it? sprocket and viperxl007 have been trying to surf the extreme volatility, but they share their…  Read More » When you can be the bank, be th...

In this week’s episode, sprocket888 and viperxl007 look at risk management. Understanding the risk in your portfolio can take a lot of work. There are many different types of asset classes as well as financial products. All this variety can make it hard to compare apples to apples between trading vehicles. Two concepts are discussed…  Read More » Risk Management: Know your de...