Bubba’s Equity Portfolios Wednesday Update New Trades 9/13/2023 – Bubba Trading

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Bubba’s Equity Portfolios Wednesday Update New Trades 9/13/2023

New trade alert We will use Friday September 22nd Expiration

We are going to wait on reversing ORCL, if you want to reverse feel free. This trade will not be automatically reversed.

Our open long is at max risk. ORCL is way oversold and we will not chase it down. This is consistent with the webinar we did last week. Officially we are holding the long position with no risk.

Reverse ORCL to short (1A) (this is the signal, we will wait)

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 Portfolios 9/9/2023

1A – 25K

2A – 18K

3A – 8K

By Todd "Bubba" Horwitz|2023-09-13T08:33:47-04:00September 13, 2023|Equity|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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