Saturday Trades Friday Update 10/13/2023
Markets starting to crumble – Crude flying
After being higher most of the night markets have started to crumble. The early gains are now losses and crude oil is exploding higher.
There must be trouble in the middle east, higher oil, higher bonds, and lower markets. Gold is also popping this morning which is considered another fear asset.
Today could get very ugly with the markets on edge to begin with. We will watch the action and be prepared to react. JPM announces earnings soon and could add to the selling or slow it.
Roll QQQ, SPY and IWM to Monday
Rolls
GOOGL – Buy to close 1 October 13th 140/135 Strangle/ Sell to open 1 October 20th 140/135 Strangle Credit 1..80
AAPL – Buy to close 1 October 13th 180/175 Strangle/ Sell to open 1 October 20th 180/175 Strangle Credit 1.90
AMZN – Buy to close 1 October 13th 130/125 Strangle/ Sell to open 1 October 20th 130/125 Strangle Credit 1.90
NUGT – Buy to close 1 October 13th 27/26 Strangle/ Sell to open 1 October 20th 26.5 Straddle Credit 1.35
TSLA – Buy to close 1 October 13th 270/230 Strangle/ Sell to open 1 October 20th 270/230 Strangle Credit 6.70
NFLX – Buy to close 1 October 13th 395/355 Strangle/ Sell to open 1 October 20th 395/355 Strangle Credit 17.00
MU – Buy to close 1 October 13th 70/66 Strangle/ Sell to open 1 October 20th 70/66 Strangle Credit 1.00
COIN – Buy to close 1 October 13th 80/76 Strangle/ Sell to open 1 October 20th 80/76 Strangle Credit 2.80
JPM – Buy to close 1 October 13th 150/145 Strangle/ Sell to open 1 October 20th 150/145 Strangle Credit 1.20
GS – Buy to close 1 October 13th 347.5/337.5 Strangle/ Sell to open 1 October 20th 347.5/337.5 Strangle Credit 2.50
ROKU – Buy to close 1 October 13th 88/82 Strangle/ Sell to open 1 October 20th 88/82 Strangle Credit .50
ORCL – Buy to close 1 October 13th 122/118 Strangle/ Sell to open 1 October 20th 122/118 Strangle Credit .25
TWLO – Buy to close 1 October 13th 68/62 Strangle/ Sell to open 1 October 20th 68/62 Strangle Credit .50
GOOGL – Buy to close 1 October 13th 138/132 Strangle/ Sell to open 1 October 20th 138/132 Strangle Credit 1.60
AAPL – Buy to close 1 October 13th 180/175 Strangle/ Sell to open 1 October 20th 180/175 Strangle Credit 1.75 to close
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)
AMZN – (19.91) (470.00 Credit Collected)
Short 1 October 20th 130 Call
Short 1 October 20th 125 Put
Long 1 November 17th 130 Call
Long 1 November 17th 135 Call
Long 2 November 17th 125 Put
AAPL – (17.29) (180.00 Credit Collected)
Short 1 October 20th 180 Call
Short 1 October 20th 175 Put
Long 2 November 17th 180 Call
Long 2 November 17th 175 Put
GOOGL – (16.45) (180.00 Credit Collected)
Short 1 October 20th 140 Call
Short 1 October 20th 135 Put
Long 1 November 17th 140 Call
Long 1 November 17th 135 Put
NUGT – (4.78) (240.00 Credit Collected)
Short 1 October 20th 25 Call
Short 1 October 20th 27 Put
Long 1 November 17th 28 Call
Long 1 November 17th 30 Call
Long 1 November 17th 25 Put
Long 1 November 17th 24 Put
TSLA – (17.59) (1020.00 Credit Collected)
Short 1 October 20th 270 Call
Short 1 October 20th 230 Put
Long 1 November 17th 270 Call
Long 1 November 17th 230 Put
NFLX – (13.86) (2000.00 Credit Collected)
Short 1 October 20th 395 Call
Short 1 October 20th 355 Put
Long 1 October 20th 400 Call
Long 1 October 20th 350 Put
MU – (5.50) (540.00 Credit Collected)
Short 1 October 20th 70 Call
Short 1 October 20th 66 Put
Long 2 October 20th 71 Call
Long 2 October 20th 65 Put
COIN – (12.44) (956.00 Credit Collected)
Short 1 October 20th 80 Call
Short 1 October 20th 76 Put
Long 2 October 20th 82 Call
Long 2 October 20th 74 Put
JPM – (9.66) (495.00 Credit Collected)
Short 1 October 13th 150 Call
Short 1 October 13th 145 Put
Long 2 October 20th 150 Call
Long 2 October 20th 145 Put
GS – (21.81) (3000.00 Credit Collected)
Short 1 October 20th 347.5 Call
Short 1 October 20th 337.5 Put
Long 2 October 20th 350 Call
Long 1 October 20th 335 Put
QQQ – (21.44) (2302.00 Credit Collected)
Short 1 October 13th 378 Call
Short 1 October 13th 368 Put
Long 2 October 20th 380 Call
Long 1 October 20th 366 Put
Long 1 October 20th 354 Put
SPY – (16.86) (2305.00 Credit Collected)
Short 1 October 13th 450 Call
Short 1 October 13th 440 Put
Long 2 October 20th 452 Call
Long 1 October 20th 438 Put
ROKU – (11.50) (1600.00 Credit Collected)
Short 1 October 20th 88 Call
Short 1 October 20th 82 Put
Long 2 October 20th 90 Call
Long 1 October 20th 80 Put
ORCL – (11.73) (1570.00 Credit Collected)
Short 1 October 13th 122 Call
Short 1 October 13th 118 Put
Long 2 October 20th 125 Call
Long 1 October 20th 115 Put
TWLO – (6.96) (850.00 Credit Collected)
Short 1 October 20th 68 Call
Short 1 October 20th 62 Put
Long 2 October 20th 70 Call
Long 1 October 20th 60 Put
GOOGL – (9.98) (1000.00 Credit Collected)
Short 1 October 20th 138 Call
Short 1 October 20th 132 Put
Long 1 October 20th 140 Call
Long 1 October 20th 142 Call
Long 2 October 20th 130 Put
AAPL – (7.83) (1270.00 Credit Collected) CLOSED
