Saturday Trades Tuesday Update 6/18/2024 – Bubba Trading

Are you going to BUBBAPALOOZA 2024? Hurry Limited Seats Available. CLICK HERE for more info.

Saturday Trades Tuesday Update 6/18/2024

Markets mixed again after Monday’s explosive rally

Markets are mixed this morning after yesterday’s monster rally. It’s tough to call what will happen today with tomorrow being a holiday. We know that they are overbought and expect some mean reversion.

Roll SPY, IWM and QQQ to Thursday

AAPL, Filled for all, NUGT for some. You can adjust the QQQ and SPY using midpoint and Thursday’s expiration for the shorts

Rolls

MARA – Buy to close 1 June 21st, 22/20, Strangle/ Sell to open 1 June 28th 22/20, Strangle Credit 1.00

RIOT – Buy to close 1 June 21st, 10.5/10, Strangle/ Sell to open 1 June 28th 10.5/10, Strangle Credit .50

UPDATE Monday Morning – this is our Futures Options trade, if you already have the trade on below is what you should have – if not sell the futures and buy the calls after the open

Ratio Spread using Futures and Options

•Short 6 MES (micro-S+P) Futures 5355
•Long 5 SPY June 14th 542 Calls 2.57

Bubba

Exercise and Assignment

Chat Room Link

New Trades

SPY

QQQ

NUGT

AAPL

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)

RIOT – (3.05) (150.00 Credit Collected)
Short 1 June 21st 10.5 Call
Short 1 June 21st 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put

MARA – (8.21) (360.00 Credit Collected)
Short 1 June 21st 22 Call
Short 1 June 21st 20 Put
Long 2 July 19th 23 Call
Long 1 July 19th 19 Put
Long 1 July 19th 18 Put

COIN – (10.53) (1150.00 Credit Collected) CLOSED
Short 1 June 14th 265 Call
Short 1 June 14th 205 Put
Long 1 June 21st 270 Call
Long 1 June 21st 200 Put

QQQ – (21.27) (3000.00 Credit Collected)
Short 1 June 17th 456 Call
Short 1 June 17th 447 Put
Long 1 June 21st 458 Call
Long 1 June 21st 445 Put
Long 1 June 21st 443 Put

ZM – (4.06) (352.00 Credit Collected)
Short 1 June 21st 68 Call
Short 1 June 21st 60 Put
Long 2 June 21st 70 Call
Long 1 June 21st 60 Put
Long 1 June 21st 57 Put

MRVL – (12.69) (1350.00 Credit Collected)
Long 1 June 21st 78 Call

CHWY – (3.56) (600.00 Credit Collected)
Short 1 June 21st 16 Call
Short 1 June 21st 15 Put
Long 1 June 21st 17.5 Call
Long 2 June 21st 15 Put

TSLL – (1.79) (200.00 Credit Collected)
Short 4 June 21st 8 Call
Short 4 June 21st 7.5 Put
Long 4 June 21st 7.73 Call
Long 4 June 21st 8.5 Calls
Long 8 June 21st 6.73 Put

NUGT – (9.55) (1100.00 Credit Collected)
Short 1 June 21st 45 Call
Short 1 June 21st 45 Put
Long 2 June 21st 45 Call
Long 1 June 21st 45 Put

SPY – (22.01) (2900.00 Credit Collected)
Short 1 June 17th 524 Call
Short 1 June 17th 516 Put
Long 1 June 21st 526 Call
Long 2 June 21st 514 Put

GLD – (11.47) (1350.00 Credit Collected)
Short 1 June 18th 220 Call
Short 1 June 18th 215 Put
Long 1 June 21st 220 Call
Long 1 June 21st 225 Call
Long 1 June 21st 215 Put

AMD – (20.52) (2500.00 Credit Collected)
Short 1 June 21st 165 Call
Short 1 June 21st 150 Put
Long 1 June 21st 170 Call
Long 1 June 21st 175 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put

BYND – (3.49) (580.00 Credit Collected)
Short 1 June 21st 6.5 Call
Short 1 June 21st 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put

DKNG – (6.93) (1000.00 Credit Collected)
Short 1 June 21st 44 Call
Short 1 June 21st 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 1 June 21st 41 Put

By Todd "Bubba" Horwitz|2024-06-18T08:18:13-04:00June 18, 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.

Thank you for visiting Bubba Trading. We use cookies to improve your experience during your sojourn, prior & future purchases, and all other interactions herein. Your continued use of the site constitutes your freely-given explicit consent to our company user policies and that you being of sound-mind understand the implications thereof. To find out more, read our privacy policy , general visitor terms of use, and/or the subscriber & customer terms of use. If you wish not to consent to said policies, you must leave the site immediately and are forbidden to return until such time as you opt to freely & explicitly consent to our aforementioned & hyperlinked policies.

Ok