Saturday Trades Friday Update 1/26/2024 – Bubba Trading

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Saturday Trades Friday Update 1/26/2024

Markets showing weakness – the end or opportunity?

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For the past couple of days the markets have shown a little weakness. Nothing of major concern but it brings the question,
Markets showing weakness is this the end or a buying opportunity?

We don’t know the answer yet, with many issues still running higher. The weakness is taking place within a consolidation phase indicating the markets will breakout one way or the other.

We are having a good week, there were no fills on new trades, cancel the balance.

Roll SPY, QQQ and IWM to Monday

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

Move rolls to midpoint

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

Exercise and Assignment

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New Trades

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) (720.00 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 197.5 Call
Long 2 February 16th 180 Put

IWM – (9.83) (400.00.00 Credit Collected)
Short 1 January 26th 196 Call
Short 1 January 26th 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

By Todd "Bubba" Horwitz|2024-01-26T08:48:57-05:00January 26, 2024|BAD, Sunday Night Options|Comments Off

About the Author: Todd "Bubba" Horwitz

For more than 36 years, Todd “Bubba” Horwitz has enjoyed a successful career in the financial industry. He began his profession in 1980 as was one of the original market makers in the SPX Trading Pit at the Chicago Board of Options Exchange. He has traded at all of the major exchanges in Chicago and is currently a member of the CBOT. In addition to his trading, for the past five years he has concentrated on writing, education, and a media career.

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