Blockhead Traders Weekly

In this week’s episode, sprocket888 reviews a surprise trading opportunity surfacing on the /RTY last week. Heading into the week, nothing emerged as a trade to take. sprocket888 was planning on just sitting back through the week to see what might open up in the coming weeks. However, at the tail end of the week,… Read More »Suprise Opportunity: Volatility opened up on /RTY.

In this week’s episode, sprocket888 is getting ready for the first trades of 2025. As part of the preparations, there are secondary signals that he uses to help fine-tune his trade. In this episode, he talks about these secondary signals that he uses. They don’t mean anything to him by themselves, but when used with… Read More »Secondary Signals: A way to fine-tune your trade.

In this week’s episode, sprocket888 looks deeply at option assignment. Option assignment is when the buyer chooses to exercise the option or when the option is in the money at expiration. Assignments do not happen often, but they do and will happen at some point. As with everything we discuss on this show, understanding is… Read More »Come on baby, don’t fear assignment.

In this week’s episode, sprocket888 and viperxl007 look back at 2024. This is the time of year when the two traders highlight the most memorable and proud moments and the most significant learning moments. As the year passes, it is sometimes hard to see all the events from an aggregate perspective. Looking back at the… Read More »Reflections: sprocket888 and viperxl007 look back at 2024.

In this week’s episode, sprocket888 goes over what is known as an Option Spread or an Option Vertical. This is a type of trade where both the gain and loss potential are fully defined and limited. In understanding this trade type, you can use the high probability strategy of selling out-of-the-money options while containing and… Read More »Defining the risk: Selling options safely.

In this week’s episode, sprocket888 and viperxl007 discuss their plans for the balance of the trading year. They both will exercise patience as neither one feels overly optimistic about the general markets. There are, for sure, a lot of opportunities that could be floating around out there, but patience is the key. When they talk… Read More »The final countdown: The traders’ plans for the balance of 2024.

Trader sprocket888 recently opened up a trade on the Russel index. The trade was selling a short strangle on the index. He was looking to capitalize on the pre-election volatility. However, The Russell has far exceeded the expected move to the upside post-elections. This has caused the trade to be in the red by a… Read More »Managing a breach: Not all trades are perfect.

Trader sprocket888 looks back at a big earnings day in this week’s episode. In the week, four tickers fit the extended volatility setup leading into earnings. The twist on this was that all four announced on the same day. One before the bell and three after the bell. In this episode, sprocket888 talks about the… Read More »Four earnings, one day: a recap of the trades and the results.

In this week’s episode, trader sprocket888 is joined by viperxl007, who returns to the show after a long break. The two traders reflect on the events leading up to the election and what the landscape looks like post-election. For viperxl007, this was the first election cycle in which he actively traded. Both traders highlight how… Read More »Post Election Reflection: Uncertainty has been dramatically cut down.

In this week’s episode, trader sprocket888 looks back at recent trades discussed on the show. There are six to look at. All six trades were discussed in a previous episode, and sprocket888 entered each. Most of them have run their course and have been closed out. Looking back, five of the six have been winners,… Read More »Recent Rundown: $TEAM, $INTC, $F, $SNAP, $META, and $DFS