Saturday Trades Thursday Update 2/1/2024

FED says it may not cut rates – Will markets reverse?

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The selling continued on Wednesday with the FED decision on rates. It has been our contention that the FED could not cut rates if we believer the B.S. economic data that was trying to be sold to us.

The strong economic data forced the FED to talk about stalling a rate cut. Considering the entire rally has been built on the theory the FED would cut interest rates, failure to do so could show us the top of the market.

The next couple of days will go a long way towards determining a market top or buying opportunity. We don’t know yet but the probability is high that a big sell off is coming.

Roll SPY, QQQ to Friday.

SQ and META have not filled yet, you can work them today

Rolls

AMD – Buy to close 1 February 2nd 185/170 Strangle/ Sell to open 1 February 9th185/170 Strangle Credit 2.50

FSLR – Buy to close 1 February 2nd 177.5/167.5 Strangle/ Sell to open 1 February 9th 177.5/167.5 Strangle Credit 3.00

GOOGL – Buy to close 1 February 2nd 144/136 Strangle/ Sell to open 1 February 9th144/136 Strangle Credit 1.75

ROKU – Buy to close 1 February 2nd 94/91 Strangle/ Sell to open 1 February 9th 94/91 Strangle Credit 2.10

BA – Buy to close 1 February 2nd 255/235 Strangle/ Sell to open 1 February 9th 255/235 Strangle Credit 1.75

COIN – Buy to close 1 February 2nd 167.5/140 Strangle/ Sell to open 1 February 9th 167.5/140 Strangle Credit 2.30 FILLED

AAPL – Buy to close 1 February 2nd 187.5/182.5 Strangle/ Sell to open 1 February 9th 187.5/182.5 Strangle Credit 2.00

Exercise and Assignment

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New Trades

SQ

META

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)

BABA – (14.15) (285.00 Credit Collected)
Short 1 February 9th 75 Call
Short 1 February 9th 75 Put
Long 2 March 15th 75 Call
Long 2 March 15th 75 Put

AMD – (21.70) (250.00 Credit Collected)
Short 1 February 9th 185 Call
Short 1 February 9th 170 Put
Long 2 March 15th 190 Call
Long 2 March 15th 165 Put

QQQ – (20.36) (1750.00 Credit Collected)
Short 1 February 1st 413 Call
Short 1 February 1st 407 Put
Long 1 February 16th 415 Call
Long 1 February 16th 430 Call
Long 2 February 16th 405 Put

AAPL – (10.15) (920.00 Credit Collected)
Short 1 February 2nd 187.5 Call
Short 1 February 2nd 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) (900.00 Credit Collected)
Short 1 February 2nd 196 Call
Short 1 February 2nd 190 Put
Long 1 February 16th 198 Call
Long 1 February 16th 200 Call
Long 2 February 16th 188 Put

BA – (21.00) (2981.00 Credit Collected)
Short 1 February 9th 255 Call
Short 1 February 9th 235 Put
Long 2 February 16th 255 Call
Long 1 February 16th 235 Put
Long 1 February 16th 200 Put

SPY – (20.78) (2050.00 Credit Collected)
Short 1 February 1st 471 Call
Short 1 February 1st 463 Put
Long 1 February 16th 473 Call
Long 1 February 16th 490 Call
Long 2 February 16th 461 Put

COIN – (15.28) (1180.00 Credit Collected)
Short 1 February 9th 167.5 Call
Short 1 February 9th 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) (1350.00 Credit Collected)
Short 1 February 2nd 144 Call
Short 1 February 2nd 136 Put
Long 1 February 16th 145 Call
Long 1 February 16th 155 Call
Long 2 February 16th 135 Put

FSLR – (12.34) (850.00 Credit Collected)
Short 1 February 2nd 177.5 Call
Short 1 February 2nd 167.5 Put
Long 1 February 16th 180 Call
Long 1 February 16th 165 Put