Saturday Trades Friday Update 12/20/2024 – Bubba Trading

Saturday Trades Friday Update 12/20/2024

Markets getting hammered, beware of the bounce

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Markets getting hammered again this morning. Today is triple witching expiration, we could see some late action. Beware of the bounce that is coming, we waited patiently for the selling to continue.

On the open I will be selling all of my EXTRA puts that EXPIRE today. I will also be rolling down the long puts for January. The reason we sell on the open for today’s expiration, we get the most premium.

Roll SPY, IWM, and QQQ to Monday

On the Futures/Options trades, the short futures should be closed for solid profits, we will hold the long futures and roll the options to next Friday, late in the day

Futures Options Trades – Open Position

Futures Options Trades –

MES and MNQ big profits
MYM and MGC small profits

Sell 6 MES March Futures – 6121
Buy to open 5 December 20th 604 Call 2.85

Sell 6 MNQ March Futures – 22046
Buy to open 5 December 20th 530 Calls 4.14

Buy 6 MGC February Futures – 2665
Buy to open 5 GLD December 20th 244 Puts 1.75

Short 6 MYM March Futures – 44317
Buy to open 5 DIA December 20th 440 Calls 2.16

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)

SPY- (19.58) (600.00 Credit Collected)
Short 1 December 19th 610 Call
Short 1 December 19th 600 Put
Long 2 January 24th 612 Call
Long 1 January 24th 598 Call
Long 1 January 24th 586 Put

QQQ- (29.62) (600.00 Credit Collected)
Short 1 December 19th 542 Call
Short 1 December 19th 530 Put
Long 2 January 24th 544 Call
Long 1 January 24th 528 Call
Long 1 January 24th 516 Put

SLV – (6.58) (300.00 Credit Collected)
Short 1 December 20th 27.5 Call
Short 1 December 20th 27.5 Put
Long 2 March 21st 28 Call
Long 1 March 21st 28 Put
Long 1 March 21st 27 Put

DIA – (14.98) (2000.00 Credit Collected)
Short 1 December 20th 438 Call
Short 1 December 20th 432 Put
Long 1 December 20th 440 Call
Long 1 December 20th 452 Call
Long 1 December 20th 430 Put
Long 1 December 20th 424 Put

SPY – (28.77) (3200.00 Credit Collected)
Short 1 December 20th 601 Call
Short 1 December 20th 595 Put
Long 1 December 20th 603 Call
Long 1 December 20th 609 Call
Long 1 December 20th 593 Put
Long 1 December 20th 585 Put

QQQ – (33.41) (3800.00 Credit Collected)
Short 1 December 20th 518 Call
Short 1 December 20th 507 Put
Long 1 December 20th 520 Call
Long 1 December 20th 533 Call
Long 1 December 20th 505 Put
Long 1 December 20th 495 Put

AAPL – (13.71) (2200.00 Credit Collected)
Short 1 December 20th 240 Call
Short 1 December 20th 222.5 Put
Long 1 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (3650.00 Credit Collected)
Short 1 December 20th 228 Call
Short 1 December 20th 224 Put
Long 1 December 20th 230 Call
Long 1 December 20th 245 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

By Todd "Bubba" Horwitz|2024-12-20T08:09:32-05:00December 20, 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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