Saturday Trades Tuesday Update 11/12/2024 – Bubba Trading

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Saturday Trades Tuesday Update 11/12/2024

Markets soft this morning, We could see selling accelerate

Markets are soft this morning, no major selling just lower for now. Under the current conditions we could see the selling accelerate. We must be patient and are positioned for heavier selling.

All new trades filled on Monday

Roll New SPY, QQQ, and IWM to Wednesday

Futures Options Trades –

Sell 6 MES Futures – 5910
Buy to open 5 November 15th 587 Calls 5.93

Sell 6 MNQ Futures – 20680
Buy to open 5 November 15th 500 Calls 6.75

Bubba

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New Trades

VXX

QQQ

SPY

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)

AAPL – (13.71) (500.00 Credit Collected)
Short 1 November 15th 240 Call
Short 1 November 15th 222.5 Put
Long 2 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (2100.00 Credit Collected)
Short 1 November 11th 228 Call
Short 1 November 11th 224 Put
Long 1 December 20th 230 Call
Long 1 December 20th 238 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

QQQ – (27.07) (2200.00 Credit Collected)
Short 1 November 11th 500 Call
Short 1 November 11th 490 Put
Long 1 November 15th 505 Call
Long 1 November 15th 515 Call
Long 2 November 15th 485 Put

SPY – (29.03) (2500.00 Credit Collected)
Short 1 November 11th 585 Call
Short 1 November 11th 575 Put
Long 1 November 15th 587 Call
Long 1 November 15th 600 Call
Long 1 November 15th 573 Put
Long 1 November 15th 568 Put

SMCI- (10.35) (2200.00 Credit Collected)
Short 1 November 15th 50 Call
Short 1 November 15th 44 Put
Long 2 November 15th 52 Call
Long 1 November 15th 42 Put

JPM- (18.06) (2300.00 Credit Collected)
Short 1 November 15th 215 Call
Short 1 November 15th 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 245 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (2500.00 Credit Collected)
Short 1 November 15th 170 Call
Short 1 November 15th 162.5 Put
Long 1 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (3000.00 Credit Collected)
Short 1 November 15th 192.5 Call
Short 1 November 15th 185 Put
Long 1 November 15th 195 Call
Long 1 November 15th 215 Call
Long 2 November 15th 185 Put

SLV – (5.22) (1000.00 Credit Collected)
Short 1 November 11th 28 Call
Short 1 November 11th 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|2024-11-12T09:19:07-05:00November 12, 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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