Saturday Trades Monday Update 1/22/2024
There is no stopping the rally
The rally that wouldn’t die continues. Markets opened up higher last night and continue to run this morning. From a logic standpoint, the rally makes no sense. This is why understanding the charts and price action is so important.
The market footprint suggests the rally will continue. This action will continue until it doesn’t. Remember, you can’t fight the tape, either follow or sit on the sidelines because opinions and news are for amateur’s.
New Trades good as written
Roll SPY, QQQ to Tuesday and IWM to Wednesday
Rolls
FSLR – Buy to close 1 January 26th 177.5/167.5 Strangle/ Sell to open 1 February 2nd 177.5/167.5 Strangle Credit 3.00
GOOGL – Buy to close 1 January 26th 144/136 Strangle/ Sell to open 1 February 2nd 144/136 Strangle Credit 1.75
ROKU – Buy to close 1 January 26th 94/91 Strangle/ Sell to open 1 February 2nd 94/91 Strangle Credit 1.75
BA – Buy to close 1 January 26th 255/235 Strangle/ Sell to open 1 February 2nd 255/235 Strangle Credit 1.75
COIN – Buy to close 1 January 26th 167.5/140 Strangle/ Sell to open 1 February 2nd 167.5/140 Strangle Credit 4.00
AAPL – Buy to close 1 January 26th 187.5/182.5 Strangle/ Sell to open 1 February 2nd 187.5/182.5 Strangle Credit 3.00
New Trades
AMZN
TSLA
PLTR
OPEN TRADES
(Some of the call strikes could be different from what you are holding. I’m reflecting the rolls made on the open, some of you rolled again. This is a guide)
QQQ – (20.36) (650.00 Credit Collected)
Short 1 January 19th 413 Call
Short 1 January 19th 407 Put
Long 1 February 16th 415 Call
Long 1 February 16th 420 Call
Long 2 February 16th 405 Put
AAPL – (10.15) (470.00 Credit Collected)
Short 1 January 26th 187.5 Call
Short 1 January 26th 182.5 Put
Long 1 February 16th 190 Call
Long 1 February 16th 192.5 Call
Long 2 February 16th 180 Put
IWM – (9.83) (100.00.00 Credit Collected)
Short 1 January 19th 196 Call
Short 1 January 19th 190 Put
Long 2 February 16th 198 Call
Long 2 February 16th 188 Put
BA – (21.00) (2810.00 Credit Collected)
Short 1 January 26th 255 Call
Short 1 January 26th 235 Put
Long 2 February 16th 255 Call
Long 1 February 16th 235 Put
Long 1 February 16th 200 Put
SPY – (20.78) (1200.00 Credit Collected)
Short 1 January 22nd 471 Call
Short 1 January 22nd 463 Put
Long 1 February 16th 473 Call
Long 1 February 16th 482 Call
Long 2 February 16th 461 Put
COIN – (15.28) (800.00 Credit Collected)
Short 1 January 26th 167.5 Call
Short 1 January 26th 140 Put
Long 1 February 16th 170 Call
Long 1 February 16th 140 Put
ROKU – (26.52) (1000.00 Credit Collected)
Short 1 January 26th 94 Call
Short 1 January 26th 91 Put
Long 2 February 16th 95 Call
Long 1 February 16th 90 Put
Long 1 February 16th 80 Put
GOOGL – (13.84) (500.00 Credit Collected)
Short 1 January 26th 144 Call
Short 1 January 26th 136 Put
Long 2 February 16th 145 Call
Long 2 February 16th 135 Put
FSLR – (12.34) (800.00 Credit Collected)
Short 1 January 26th 177.5 Call
Short 1 January 26th 167.5 Put
Long 1 February 16th 180 Call
Long 1 February 16th 165 Put
