Saturday Trades Friday Update 1/26/2024

Markets showing weakness – the end or opportunity?

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For the past couple of days the markets have shown a little weakness. Nothing of major concern but it brings the question,
Markets showing weakness is this the end or a buying opportunity?

We don’t know the answer yet, with many issues still running higher. The weakness is taking place within a consolidation phase indicating the markets will breakout one way or the other.

We are having a good week, there were no fills on new trades, cancel the balance.

Roll SPY, QQQ and IWM to Monday

There were a couple of rolls on the extra options Monday and the GOOGL roll filled for over 3.00, ROKU filled on Tuesday for over 2.00

Move rolls to midpoint

 

Rolls

FSLR – Buy to close 1 January 26th 177.5/167.5 Strangle/ Sell to open 1 February 2nd 177.5/167.5 Strangle Credit 3.00

GOOGL – Buy to close 1 January 26th 144/136 Strangle/ Sell to open 1 February 2nd 144/136 Strangle Credit 1.75 FILLED 3.40

ROKU – Buy to close 1 January 26th 94/91 Strangle/ Sell to open 1 February 2nd 94/91 Strangle Credit 1.75 FILLED AT 2.10

BA – Buy to close 1 January 26th 255/235 Strangle/ Sell to open 1 February 2nd 255/235 Strangle Credit 1.75

COIN – Buy to close 1 January 26th 167.5/140 Strangle/ Sell to open 1 February 2nd 167.5/140 Strangle Credit 4.00

AAPL – Buy to close 1 January 26th 187.5/182.5 Strangle/ Sell to open 1 February 2nd 187.5/182.5 Strangle Credit 3.00


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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 – (20.36) (900.00 Credit Collected)
Short 1 January 24th 413 Call
Short 1 January 24th 407 Put
Long 1 February 16th 415 Call
Long 1 February 16th 420 Call
Long 2 February 16th 405 Put

AAPL – (10.15) (720.00 Credit Collected)
Short 1 January 26th 187.5 Call
Short 1 January 26th 182.5 Put
Long 1 February 16th 190 Call
Long 1 February 16th 197.5 Call
Long 2 February 16th 180 Put

IWM – (9.83) (400.00.00 Credit Collected)
Short 1 January 26th 196 Call
Short 1 January 26th 190 Put
Long 2 February 16th 198 Call
Long 2 February 16th 188 Put

BA – (21.00) (2810.00 Credit Collected)
Short 1 January 26th 255 Call
Short 1 January 26th 235 Put
Long 2 February 16th 255 Call
Long 1 February 16th 235 Put
Long 1 February 16th 200 Put

SPY – (20.78) (1450.00 Credit Collected)
Short 1 January 24th 471 Call
Short 1 January 24th 463 Put
Long 1 February 16th 473 Call
Long 1 February 16th 484 Call
Long 2 February 16th 461 Put

COIN – (15.28) (800.00 Credit Collected)
Short 1 January 26th 167.5 Call
Short 1 January 26th 140 Put
Long 1 February 16th 170 Call
Long 1 February 16th 140 Put

ROKU – (26.52) (1210.00 Credit Collected)
Short 1 February 2nd 94 Call
Short 1 February 2nd 91 Put
Long 2 February 16th 95 Call
Long 1 February 16th 90 Put
Long 1 February 16th 80 Put

GOOGL – (13.84) (1090.00 Credit Collected)
Short 1 February 2nd 144 Call
Short 1 February 2nd 136 Put
Long 1 February 16th 145 Call
Long 1 February 16th 150 Call
Long 2 February 16th 135 Put

FSLR – (12.34) (800.00 Credit Collected)
Short 1 January 26th 177.5 Call
Short 1 January 26th 167.5 Put
Long 1 February 16th 180 Call
Long 1 February 16th 165 Put