Saturday Trades Friday AAPL SLV Update 5/16/2025 – Bubba Trading

Saturday Trades Friday AAPL SLV Update 5/16/2025

Both AAPL and SLV expire today, Sell the extra AAPL call if not already done. SLV is close to 29.50, the short Put may need to be closed by the end of the day. If you don’t mind being long 500 shares of SLV you can do nothing, if not you will have to close the call or put or both

The markets remain quiet, lacking price action, volume, volatility, and liquidity. In other words the action sucks. There is a big move coming, my guess is lower.

The SPY and all the options from the ratio trades expire today. For the SPY close the trade, for the ratios, roll the calls late in the day to the 26th at the money.

Roll IWM, and QQQ to Monday

Ratio Trades that you may or may not have on

On any of the open trades, we have built a lot of credit.

Sell to open MES June Futures
Buy to open May 16th 5 SPY ATM Calls

Sell to open MNQ June Futures
Buy to open May 16th 5 QQQ ATM Calls

Sell to open M2K June Futures
Buy to open May 16th 5 IWM ATM Calls

Sell to open MYM June Futures
Buy to open May 16th 5 DIA ATM Calls

Bubba

Exercise and Assignment

Chat Room Link

New Trades

OPEN TRADES

(Some of the call strikes could be different from what you are holding. I’m reflecting the rolls made on the open, some of you rolled again. This is a guide)

QQQ – (24.09) (800.00 Credit Collected)
Short 2 May 12th 482 Call
Short 2 May 12th 462 Put
Long 2 June 20th 485 Call
Long 2 June 20th 460 Put

IWM- (21.00) (400.00 Credit Collected)
Short 2 May 12th 197 Call
Short 2 May 12th 191 Put
Long 2 June 20th 199 Call
Long 2 June 20th 189 Put

AAPL – (12.35) (500.00 Credit Collected)
Short 1 May 16th 212.5 Call
Short 1 May 16th 202.5 Put
Long 2 May 16th 212.5 Call
Long 2 May 16th 200 Put

SLV
Long 5 May16th 29.5 Calls
Short 5 May 16th 29.5 Puts
Long 5 May 16th 27.5 Puts

SPY – (15.42) (1100.00 Credit Collected)
Short 2 May 12th 540 Call
Short 1 May 12th 512 Put
Long 2 May 16th 542 Call
Long 2 May 16th 510 Put

MARA – (11.48) (1200.00 Credit Collected)
Short 1 May 16th 18 Call
Short 1 May 16th 16 Put
Long 2 June 20th 18 Call
Long 1 June 20th 16 Put

By Todd "Bubba" Horwitz|2025-05-16T10:52:51-04:00May 16, 2025|BAD, Sunday Night Options|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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