Saturday Trades Thursday Update 10/17/2024 – Bubba Trading

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Saturday Trades Thursday Update 10/17/2024

Tuesday’s Sell Off no Surprise

Once again a sell off was met with buyers, the Wednesday rally continues today. There is news at 8:30 this morning, Retail Sales, Philly FED among others. Anything goes after the news. Markets are extended once again.

We added a new trade in the SPY on Wednesday, will add QQQ and IWM later this morning

Roll SPY, QQQ, and IWM to Friday – Close the extra long calls if not already done

We are going to short the Futures and Buy the at the money calls for October 18th. The prices posted below are approx. The trade is good whatever prices you get

Sell 6 MES Futures – 5865
Buy to open 5 October 18th 580 3.91

Sell 6 MNQ Futures – 20475
Buy to open 5 October 18th 494 4.38

Bubba

Exercise and Assignment

Chat Room Link

New Trades

SPY

SMCI

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)

JPM- (18.06) (500.00 Credit Collected)
Short 1 October 18th 215 Call
Short 1 October 18th 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 220 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (500.00 Credit Collected)
Short 1 October 18th 170 Call
Short 1 October 18th 162.5 Put
Long 2 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (700.00 Credit Collected)
Short 1 October 18th 192.5 Call
Short 1 October 18th 185 Put
Long 2 November 15th 195 Call
Long 2 November 15th 185 Put

QQQ – (20.72) (2000.00 Credit Collected)
Short 1 October 14th 487 Call
Short 1 October 14th 477 Put
Long 1 October 18th 490 Call
Long 1 October 18th 495 Call
Long 2 October 18th 475 Put

SPY – (19.60) (1700.00 Credit Collected)
Short 1 October 14th 573 Call
Short 1 October 14th 563 Put
Long 1 October 18th 575 Call
Long 1 October 18th 580 Call
Long 2 October 18th 561 Put

IWM – (11.59) (1200.00 Credit Collected)
Short 1 October 14th 215 Call
Short 1 October 14th 219 Put
Long 2 October 18th 227 Call
Long 1 October 18th 217 Put
Long 1 October 18th 215 Put

AAPL – (16.62) (1500.00 Credit Collected)
Short 1 October 18th 225 Call
Short 1 October 18th 220 Put
Long 1 October 18th 225 Call
Long 1 October 18th 230 Call
Long 1 October 18th 220 Put
Long 1 October 18th 215 Put

COIN – (29.33) (3300.00 Credit Collected)
Short 1 October 18th 160 Call
Short 1 October 18th 140 Put
Long 1 October 18th 165 Call
Long 1 October 18th 190 Call
Long 2 October 18th 135 Put

DIA – (17.05) (2000.00 Credit Collected)
Short 1 October 18th 410 Call
Short 1 October 18th 398 Put
Long 1 October 18th 412 Call
Long 1 October 18th 430 Call
Long 2 October 18th 396 Put

NVDA – (17.70) (2700.00 Credit Collected)
Short 1 October 18th 106 Call
Short 1 October 18th 100 Put
Long 1 October 18th 108 Call
Long 1 October 18th 135 Call
Long 2 October 18th 98 Put

MARA – (5.97) (700.00 Credit Collected)
Short 1 October 18th 19 Call
Short 1 October 18th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 13 Put

SLV – (5.22) (600.00 Credit Collected)
Short 1 October 14th 28 Call
Short 1 October 14th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-10-17T09:25:43-04:00October 17, 2024|BAD, Sunday Night Options|0 Comments

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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