Bubba’s Equity Portfolios Weekly Update No New Trades 11/16/2024 – Bubba Trading

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Bubba’s Equity Portfolios Weekly Update No New Trades 11/16/2024

We started going short a few weeks ago in several stocks we trade options on, and we got even more sell signals this week.

The cash S&P 500 was -125.79 this week and it is yet to be seen if this is a top or just a correction in an ongoing bull market.

Here are this week’s options trading results:

1A -902
2A +180
3A +674

There are no new trades

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 11/16/2024

1A – 25K

2A – 18K

3A – 8K

By Todd "Bubba" Horwitz|2024-11-18T08:54:34-05:00November 18, 2024|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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