Bubba’s Equity Tuesday Update New Trades 11/7/2023

**New Trades: We will use Friday November 17th Expiration

Reverse to long:

ORCL (1A)
WYNN (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 11/4/2023

1A – 25K

2A – 18K

3A – 8K