Saturday Trades Friday Update 10/25/2024

Markets higher, look for a spot to sell

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Markets higher this morning, we are looking for levels to sell. There is news today, Durable Goods, and Consumer Sentiment. Either could cause a sell off, no matter the numbers, sell rallies.

Roll New SPY, QQQ, and IWM to Monday

We closed the Futures side on Wednesday, locking in a solid profit.

Look to sell the calls today at some point

Sell 6 MES Futures – 5865 – CLOSED
Buy to open 5 October 25th 585 3.30

Sell 6 MNQ Futures – 20475 – CLOSED
Buy to open 5 October 25th 495 4.00

NEW TRADE

Sell 6 MES Futures – 5865
Buy to open 5 November 1st Calls 581 4.78

Sell 6 MNQ Futures – 20645
Buy to open 5 November 1st Calls 498 5.69

Bubba


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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)

IWM – (26.68) (150.00 Credit Collected)
Short 1 October 21st 228 Call
Short 1 October 21st 224 Put
Long 2 December 20th 230 Call
Long 2 December 20th 222 Put

QQQ – (27.07) (150.00 Credit Collected)
Short 1 October 21st 500 Call
Short 1 October 21st 490 Put
Long 2 November 15th 505 Call
Long 2 November 15th 585 Put

SPY – (29.03) (250.00 Credit Collected)
Short 1 October 21st 585 Call
Short 1 October 21st 575 Put
Long 2 November 15th 587 Call
Long 2 November 15th 573 Put

SMCI- (10.35) (200.00 Credit Collected)
Short 1 October 25th 50 Call
Short 1 October 25th 44 Put
Long 2 November 15th 52 Call
Long 2 November 15th 42 Put

JPM- (18.06) (900.00 Credit Collected)
Short 1 October 25th 215 Call
Short 1 October 25th 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 225 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (800.00 Credit Collected)
Short 1 October 25th 170 Call
Short 1 October 25th 162.5 Put
Long 2 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (1000.00 Credit Collected)
Short 1 October 25th 192.5 Call
Short 1 October 25th 185 Put
Long 2 November 15th 195 Call
Long 2 November 15th 185 Put

SLV – (5.22) (800.00 Credit Collected)
Short 1 October 21st 28 Call
Short 1 October 21st 28 Put
Long 1 November 15th 29 Call
Long 1 November 15th 31 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put