Saturday Trades Monday Update 10/28/2024 – Bubba Trading

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Saturday Trades Monday Update 10/28/2024

Markets exploding higher, but still in a trading range

Markets exploding higher, but still in a trading range. Will the rally last? Hard to say, it really depends on the volume and price action when they open.

New trades good as written, yes the AAPL trade is correct

Roll New SPY, QQQ, and IWM to Tuesday

Futures Options Trades

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

Exercise and Assignment

Chat Room Link

New Trades

AAPL

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)

IWM – (26.68) (750.00 Credit Collected)
Short 1 October 28th 228 Call
Short 1 October 28th 224 Put
Long 2 December 20th 230 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

QQQ – (27.07) (700.00 Credit Collected)
Short 1 October 28th 500 Call
Short 1 October 28th 490 Put
Long 2 November 15th 505 Call
Long 2 November 15th 485 Put

SPY – (29.03) (750.00 Credit Collected)
Short 1 October 28th 585 Call
Short 1 October 28th 575 Put
Long 2 November 15th 587 Call
Long 2 November 15th 573 Put

SMCI- (10.35) (400.00 Credit Collected)
Short 1 November 1st 50 Call
Short 1 November 1st 44 Put
Long 2 November 15th 52 Call
Long 2 November 15th 42 Put

JPM- (18.06) (1100.00 Credit Collected)
Short 1 November 1st 215 Call
Short 1 November 1st 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 225 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (1000.00 Credit Collected)
Short 1 November 1st 170 Call
Short 1 November 1st 162.5 Put
Long 2 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (1400.00 Credit Collected)
Short 1 November 1st 192.5 Call
Short 1 November 1st 185 Put
Long 2 November 15th 195 Call
Long 2 November 15th 185 Put

SLV – (5.22) (850.00 Credit Collected)
Short 1 October 28th 28 Call
Short 1 October 28th 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

By Todd "Bubba" Horwitz|2024-10-28T09:59:35-04:00October 28, 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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