Saturday Trades Thursday Update 1/23/2025 – Bubba Trading

Saturday Trades Thursday Update 1/23/2025

Markets mixed – Beware of a selloff

Saturday Call registration, pregame starts at 9:00 EST
Password: 888848

Markets are mixed to lower this morning, we are looking for a much bigger selloff. May not be today but with the overbought conditions a selloff is normal.

Roll IWM, QQQ, and SPY to Friday

I’m Closed the extra JPM call on Wednesday

Futures/Options trades

Sell 6 MES Futures 6000 –
Buy 5 ATM Jan 24 SPY Puts 593 Calls 5.00

Sell 6 MNQ Futures around 21540
Buy 5 ATM Jan 24 QQQ ATM Calls

Sell 6 MYM Futures Trading 44211 –
Buy 5 ATM Jan 31st DIA 440 Calls

Bubba

Exercise and Assignment

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New Trades

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 – (23.48) (250.00 Credit Collected)
Short 1 January 23rd 603 Call
Short 1 January 23rd 593 Put
Long 1 February 21st 605 Call
Long 1 February 21st 608 Call
Long 2 February 21st 591 Put

IWM – (18.02) (1000.00 Credit Collected)
Short 1 January 23rd 221 Call
Short 1 January 23rd 217 Put
Long 1 February 21st 223 Call
Long 1 February 21st 230 Call
Long 2 February 21st 215 Put

JPM – (21.25) (1400.00 Credit Collected)
Short 1 January 24th 247.5 Call
Short 1 January 24th 242.5 Put
Long 1 February 21st 250 Call
Long 1 February 21st 260 Call
Long 2 February 21st 240 Put

QQQ- (29.62) (3400.00 Credit Collected)
Short 1 January 23rd 542 Call
Short 1 January 23rd 530 Put
Long 2 January 24th 544 Call
Long 1 January 24th 528 Put

SLV – (6.58) (600.00 Credit Collected)
Short 1 January 24th 27.5 Call
Short 1 January 24th 27.5 Put
Long 2 March 21st 28 Call
Long 1 March 21st 28 Put
Long 1 March 21st 27 Put

By Todd "Bubba" Horwitz|2025-01-23T10:05:06-05:00January 23, 2025|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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