Bubba’s Equity Portfolios Tuesday Update New Trades 10/2/2023

“The Equity Portfolio Software uses independent expiration dates than the ones listed here.”

The Positions in the Spread is really for those Trading Manually. Those using the software ignore the spreadsheet

Stay disciplined and follow the rules

Follow the rules and benefit from the algorithm

**New trade alert**We will use Friday October 13th Expiration 

Reverse XLE to short (1A/2A/3A)

Here is the formula we use

For a Long Position
Buy the at the money Call
Sell a Put Spread starting with the at the money Put and using the recommended
distance for the Put Spread

For a short Position
Buy the at the money Put
Sell a Call Spread starting with the at the money Call and using the recommended distance for the Call Spread

ATM = At the Money
Long Put = Short Call Spread
Long Call = Short Put Spread

Remember the Groups are only updated once a week, although we have new trades during the week, changes to the Portfolios are only reflected on Saturday. 

New Portfolios 9/30/2023

1A – 25K

2A – 18K

3A – 8K