In this week’s episode, sprocket888 and viperxl007 discuss the September CPI number’s most recent rattling of markets. This CPI number caused one of the most significant single-day declines in recent history, launching volatility up. The rise in volatility created an opportunity for some short premium trades. sprocket888 takes a look at two new ones that… Read More »A lesson on protection, plus two new trades ($VERU and $CVNA),and a look at an old one, $AMZN.

In this week’s episode, sprocket888 and viperxl007 take a look at a way to add a little spice into your option selling life. This type of trade is not recommended for beginners. However, once you have the options basics down and you really understand what is going on with all the mechanics, an earnings trade… Read More »A little option play spice: Selling premium on earnings

In this week’s episode, sprocket888 and viperxl007 talk about a new play that was made this week on $AMZN. While editing last week’s episode, sprocket noticed that the $AMZN trade that was talked about got a bit more tempting. Sprocket entered the trade, so there is a recap of this trade. viper calls out that… Read More »Back to the basics: Covered Call, an options trade with training wheels

In this week’s episode, sprocket888 and viper go back to the basics of option selling of the simple selling of a PUT option. This is one of sprocket’s favorite things to trade. In this episode, we use $AMZN as the example ticket. We examine how selling a PUT can give you a “margin of error”… Read More »Back to the basics: A breakdown of selling a Put.

In this week’s episode, sprocket888 and viper give their views on the current market news. The viewpoint has led sprocket to make a play on the index of the Russel. In this episode, we look at all angles of this trade. viper walks through how he marks up the Russel for price action levels. He… Read More »Making a volatility play on the Russel index, a complete thought breakdown

In this week’s episode, sprocket888 and viper comment on the latest CPI number that has the market in a buying frenzy. This buying is creating a frequently occurring trend. This trend is sometimes called an ascending triangle. What the trend looks like is coming off a local low price tries to overtake a fundamental level… Read More »From the bottom, ascending triangles are frequently appearing

In this week’s episode, sprocket888 revisits his AAPL trade for the 3rd time. This time AAPL has encountered some early assignment risk from a dividend distribution. This is not a very common situation, so we dive into the details to learn something. As a mitigation tactic to the assignment risk, sprocket rolls the AAPL short… Read More »Rotten AAPL Pt3: Navigating early assignment risk.

In this week’s episode, sprocket888 and viperxl007 look at a VERY busy news week, packed with earnings, an FOMC meeting, and the first read of Q2 GDP. All this news has filled the market with volatility and is a perfect time to look at how these binary events interact with price action. The theory that… Read More »Binary events: Simply a price action accelerant

In this week’s episode, sprocket888 and viperxl007 lift crypto and look at the ugly underbelly. There are many episodes about the space’s benefits and high points. This episode takes a look at some of the dangers and ugly underpinnings. The caution can be summed up in the phrase ‘if something seems too good to be… Read More »Looking under crypto, the dirt under the rock.

In this week’s episode, sprocket888 and viperxl007 hit the history books. New CPI numbers came out in the market, signaling inflationary pressure exceeding expectations. There is a lot of uncertainty in the market about what all this will lead to. So rather than participate in the broad speculation, we look back in history at another… Read More »CPI and Recession Risk: A look back in history for guidance.