In this week’s episode, sprocket888 and viperxl007 discuss the book “Trading in the Zone by Mark Douglas”. In a fireside chat style, the traders discuss the premise of the book as well as the highlights that each got when reading the book. The book is fitting for all audiences. Both sprocket888 and viperxl007 agree that… Read More »Fireside Chat: Sometimes what is in your head can make a difference

In this week’s episode, sprocket888 provides a detailed examination of elevated volatility and its impact on options prices. Understanding the effect that elevated volatility has on options pricing is foundational to understanding the potential outcomes. In this episode, sprocket888 takes an objective look at two situations: one where the option chain has elevated volatility and… Read More »Elevated Volatility: Understand the impact before fully engaging.

In this week’s episode, sprocket888 is joined by viperxl007. They each recap one area from last week’s trading. For sprocket888, he goes through how he determines the strategy to deploy for selling premium. This means selling just a Put or selling a Put and a Call. It is a visual inspection that he does to… Read More »Searching and Learning: Sprocket888 is searching and Viperxl007 is learning.

In this week’s episode, sprocket888 is joined by viperxl007. Together they take a look back at the most recent trading week and each pick a topic to give a callout to. For sprocket888, he emphasizes that sticking to a proven strategy will ultimately lead to success, even if the journey is painful. Viperxl007 sees a… Read More »Trading callouts: A detailed look at two aspects of sprocket888 and viperxl007’s trading.

In this week’s episode, sprocket888 performs a solo show. In this episode, sprocket888 details the typical time commitment he puts forward to his trading. In addition to the time he discusses the content of this time as well as the why and how it might be adapted to others. It is important to develop habits… Read More »Real Time Commitment: A detailed look at sprocket888’s time commitment.

In this week’s episode, sprocket888 is joined by viperxl007. They take a quick retrospection on the recent weeks’ trading action and chime in on how things went down for them. Sprocket888 touches on a few of his in-flight earnings trades. Most of these trades are too early to determine whether they will win or lose.… Read More »Retrospection: A look into the recent trading of sprocket888 and viperxl007.

In this week’s episode, sprocket888 performs a solo show. This show is kicking off the upcoming quarter earnings, and as such, it was time to do a refresher on the strategy and mechanics of the earnings strangle. This is the style of trade that is Sprocket888’s favorite trade to make around the earnings announcement. Not… Read More »Earnings Premium: A refresher on selling premium in a highly probable manner.

In this week’s episode, sprocket888 is joined by viperxl007, and they take a look at a new trade that viperxl007 is trying out. This trade is a one-week trade on the $SPY. The short-term (1 DTE) option is sold, and then the same strike is bought one week later. Viperxl007 discusses what he likes about… Read More »A Daily Dose: A daily calendar spread on the $SPY for income

In this week’s episode, sprocket888 is joined by viperxl007, and they are taking a look at tokenization. There are two areas that they examine. The first is the GENIUS Act, currently going through Congress here in the US. This act sets a lot of the groundwork and rules around tokenizing items that are backed by… Read More »Tokenization: Your dollars and your stocks

In this week’s episode, sprocket888 takes a look at a recent earnings trade on $FDX. Viperxl007 and Sprocket both took out a trade on the underlying; both were trading to short volatility, and both should have made a significant profit. However, only one came out as a winner in the trade. The reason may surprise… Read More »You got options: In your trades and your choice of brokers.