Saturday Trades Friday Update 1/31/2025 – Bubba Trading

Saturday Trades Friday Update 1/31/2025

Markets remain in congestion, look to sell

Saturday Call registration, pregame starts at 9:00 EST
Password: 888848

We are going to roll our long calls to next Friday in the MES and MYM

You long calls in the MNQ should have some value, close them

We are going to sell MGC and the MNQ

Sometime after the open, do the following trades below

Sell 6 MNQ Futures
Buy 5 ATM February 7th QQQ Calls

Sell 6 MGC Futures
Buy 5 ATM February 7th GLD Calls

Markets continue to churn in congestion, with a bias to the upside. On Thursday it looked like it was going to break, but after the selling another rallied ensued.

We will look to sell rallies a little higher, but will be patient. Today we will be looking to sell MGC and buy GLD, possibly the MNQ with QQQ. We will update after the open

Roll IWM, and SPY, to Monday

Futures/Options trades –

Sell 6 MES Futures 6133
Buy 5 ATM Jan 31 SPY 608 Calls 3.98

Sell 6 MNQ Futures around 21911 – CLOSED
Buy 5 ATM Jan 31 QQQ 530 Calls 4.99

Sell 6 MYM Futures Trading 44602
Buy 5 ATM Jan 31st DIA 444 Calls 2.77

Bubba

Exercise and Assignment

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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)

BA – (18.63) (800.00 Credit Collected)
Short 1 January 31st 177.5 Call
Short 1 January 31st 167.5 Put
Long 1 February 21st 180 Call
Long 2 February 21st 165 Put

AMZN – (19.96) (700.00 Credit Collected)
Short 1 January 31st 225 Call
Short 1 January 31st 210 Put
Long 1 February 21st 230 Call
Long 1 February 21st 235 Call
Long 2 February 21st 205 Put

SPY – (23.48) (700.00 Credit Collected)
Short 1 January 27th 603 Call
Short 1 January 27th 593 Put
Long 1 February 21st 605 Call
Long 1 February 21st 611 Call
Long 2 February 21st 591 Put

IWM – (18.02) (1300.00 Credit Collected)
Short 1 January 27th 221 Call
Short 1 January 27th 217 Put
Long 1 February 21st 223 Call
Long 1 February 21st 230 Call
Long 2 February 21st 215 Put

JPM – (21.25) (2200.00 Credit Collected)
Short 1 January 31st 247.5 Call
Short 1 January 31st 242.5 Put
Long 1 February 21st 250 Call
Long 2 February 21st 240 Put

SLV – (6.58) (650.00 Credit Collected)
Short 1 January 27th 27.5 Call
Short 1 January 27th 27.5 Put
Long 2 March 21st 28 Call
Long 1 March 21st 28 Put
Long 1 March 21st 27 Put

By Todd "Bubba" Horwitz|2025-01-31T09:30:25-05:00January 31, 2025|BAD, Sunday Night Options|0 Comments

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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