Saturday Trades Wednesday Update 1/24/2024
Markets up big early this morning
Markets up big this morning continuing the rally that will never end, until it does. The big issues with the rally is the lack of participation and two way trade. These are warning signs of a market topping, however this process could take time.
The bottom line, markets are going up. Those who fight the tape are getting crushed. There is no reason to fight, if you can’t buy, observe.
I show no fills on the new trades, you can work them again today. We will not chase these trades
Roll SPY, QQQ to Thursday, IWM to Wednesday
There were a couple of rolls on the extra options Monday and the GOOGL roll filled for over 3.00, ROKU filled on Tuesday for over 2.00
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 FILLED 3.40
ROKU – Buy to close 1 January 26th 94/91 Strangle/ Sell to open 1 February 2nd 94/91 Strangle Credit 1.75 FILLED AT 2.10
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) (900.00 Credit Collected)
Short 1 January 24th 413 Call
Short 1 January 24th 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) (300.00.00 Credit Collected)
Short 1 January 24th 196 Call
Short 1 January 24th 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) (1450.00 Credit Collected)
Short 1 January 24th 471 Call
Short 1 January 24th 463 Put
Long 1 February 16th 473 Call
Long 1 February 16th 484 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) (1210.00 Credit Collected)
Short 1 February 2nd 94 Call
Short 1 February 2nd 91 Put
Long 2 February 16th 95 Call
Long 1 February 16th 90 Put
Long 1 February 16th 80 Put
GOOGL – (13.84) (1090.00 Credit Collected)
Short 1 February 2nd 144 Call
Short 1 February 2nd 136 Put
Long 1 February 16th 145 Call
Long 1 February 16th 150 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
