Saturday Trades Tuesday Update 5/21/2024 – Bubba Trading

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Saturday Trades Tuesday Update 5/21/2024

Markets remain quiet, a big move is coming

Markets slightly lower this morning. There is a big move coming, but this week will be slower than slow. By Thursday, the already low volume should come to a screeching halt.

Roll SPY, QQQ, and IWM to Wednesday

QQQ, ZM,MRVL and TSLL filled on Monday. You can work NUGT and MARA today

2024-05-18 Rolls

Ratio Spread using Futures and Options

•Long 6 MES (micro-S+P) Futures 5132
•Long 5 SPY May 17th 529 Puts 3.10

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New Trades

QQQ

ZM

MRVL

MARA

COIN

TSLL

NUGT

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)

SPY – (22.01) (680.00 Credit Collected)
Short 1 May 24th 524 Call
Short 1 May 24th 516 Put
Long 2 June 21st 526 Call
Long 1 June 21st 532 Call
Long 2 June 21st 514 Put

CHWY – (3.56) (80.00 Credit Collected)
Short 1 May 24th 16 Call
Short 1 May 24th 15 Put
Long 2 June 21st 17.5 Call
Long 2 June 21st 15 Put

GLD – (11.47) (120.00 Credit Collected)
Short 1 May 24th 220 Call
Short 1 May 24th 215 Put
Long 2 June 21st 220 Call
Long 2 June 21st 215 Put

AMD – (20.52) (1100.00 Credit Collected)
Short 1 May 24th 165 Call
Short 1 May 24th 150 Put
Long 2 June 21st 170 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put

BYND – (3.49) (370.00 Credit Collected)
Short 1 May 24th 6.5 Call
Short 1 May 24th 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put

DKNG – (6.93) (280.00 Credit Collected)
Short 1 May 24th 44 Call
Short 1 May 24th 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 2 June 21st 41 Put

By Todd "Bubba" Horwitz|2024-05-21T08:22:14-04:00May 21, 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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