Bubba’s Equity Portfolios Wednesday Update New Trades 1/10/2024

**New Trades: We will use Friday January 19th Expiration

Reverse XLE to short (1A/2A/3A)
Reverse AMZN to long (1A/2A)
Reverse QQQ to long (1A)

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 1/6/2024

1A – 25K

2A – 18K

3A – 8K