Saturday Trades Wednesday Update 5/29/2024 – Bubba Trading

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Saturday Trades Wednesday Update 5/29/2024

Markets under pressure

Markets under some pressure this morning. We had some fills yesterday on a couple of the new trades and rolls. I have no internet and am working from a laptop in a casino.

Take all rolls to midpoint

All new trades are still good, I know some got filled on different orders.

Rolls

Roll SPY, QQQ, and IWM to Thursday

New Trades good as written

Ratio Spread using Futures and Options

•Long 6 MES (micro-S+P) Futures 5322
•Long 5 SPY May 31st 529 Puts 1.80

Bubba

Exercise and Assignment

Chat Room Link

New Trades

RIOT

MARA

COIN

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 – (21.27) (580.00 Credit Collected)
Short 1 May 27th 456 Call
Short 1 May 27th 447 Put
Long 1 June 21st 458 Call
Long 1 June 21st 460 Call
Long 2 June 21st 445 Put

ZM – (4.06) (80.00 Credit Collected)
Short 1 May 31st 68 Call
Short 1 May 31st 60 Put
Long 2 June 21st 70 Call
Long 2 June 21st 60 Put

MRVL – (12.69) (480.00 Credit Collected)
Short 1 May 31st 75 Call
Short 1 May 31st 70 Put
Long 1 June 21st 75 Call
Long 1 June 21st 78 Call
Long 2 June 21st 70 Put

CHWY – (3.56) (80.00 Credit Collected)
Short 1 May 31st 16 Call
Short 1 May 31st 15 Put
Long 2 June 21st 17.5 Call
Long 2 June 21st 15 Put

TSLL – (1.79) (30.00 Credit Collected)
Short 4 May 31st 8 Call
Short 4 May 31st 7.5 Put
Long 8 June 21st 7.73 Call
Long 8 June 21st 6.73 Put

NUGT – (9.55) (400.00 Credit Collected)
Short 1 May 31st 45 Call
Short 1 May 31st 45 Put
Long 2 June 21st 45 Call
Long 1 June 21st 45 Put
Long 1 June 21st 40 Put

SPY – (22.01) (1000.00 Credit Collected)
Short 1 May 27th 524 Call
Short 1 May 27th 516 Put
Long 1 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 31st 16 Call
Short 1 May 31st 15 Put
Long 2 June 21st 17.5 Call
Long 2 June 21st 15 Put

GLD – (11.47) (600.00 Credit Collected)
Short 1 May 29th 220 Call
Short 1 May 31st 215 Put
Long 1 June 21st 220 Call
Long 1 June 21st 225 Call
Long 2 June 21st 215 Put

AMD – (20.52) (1500.00 Credit Collected)
Short 1 May 31st 165 Call
Short 1 May 31st 150 Put
Long 2 June 21st 170 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put

BYND – (3.49) (420.00 Credit Collected)
Short 1 May 31st 6.5 Call
Short 1 May 31st 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put

DKNG – (6.93) (360.00 Credit Collected)
Short 1 May 31st 44 Call
Short 1 May 31st 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 2 June 21st 41 Put

By Todd "Bubba" Horwitz|2024-05-29T07:49:07-04:00May 29, 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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