Saturday Trades Friday Update 10/18/2024 – Bubba Trading

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Saturday Trades Friday Update 10/18/2024

Thursday’s reversal could be signaling a top

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

Thursday’s late reversal could be signaling a top has put in. That is not a guaranty but it is a sign. We will watch the price action the next couple of days and be ready to act. Our open positions are ready for anything

This week we added SPY, QQQ, and IWM

Roll New SPY, QQQ, and IWM to Monday

Roll the long calls on our Futures trades to October 25th
Sell to close and buy to open the At The Money Calls

Sell 6 MES Futures – 5865
Buy to open 5 October 18th 580 3.91

Sell 6 MNQ Futures – 20475
Buy to open 5 October 18th 494 4.38

Bubba

Exercise and Assignment

Chat Room Link

New Trades

QQQ

IWM

SPY

SMCI

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)

JPM- (18.06) (500.00 Credit Collected)
Short 1 October 18th 215 Call
Short 1 October 18th 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 220 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (500.00 Credit Collected)
Short 1 October 18th 170 Call
Short 1 October 18th 162.5 Put
Long 2 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (700.00 Credit Collected)
Short 1 October 18th 192.5 Call
Short 1 October 18th 185 Put
Long 2 November 15th 195 Call
Long 2 November 15th 185 Put

QQQ – (20.72) (2000.00 Credit Collected)
Short 1 October 14th 487 Call
Short 1 October 14th 477 Put
Long 1 October 18th 490 Call
Long 1 October 18th 495 Call
Long 2 October 18th 475 Put

SPY – (19.60) (1700.00 Credit Collected)
Short 1 October 14th 573 Call
Short 1 October 14th 563 Put
Long 1 October 18th 575 Call
Long 1 October 18th 580 Call
Long 2 October 18th 561 Put

IWM – (11.59) (1200.00 Credit Collected)
Short 1 October 14th 215 Call
Short 1 October 14th 219 Put
Long 2 October 18th 227 Call
Long 1 October 18th 217 Put
Long 1 October 18th 215 Put

AAPL – (16.62) (1500.00 Credit Collected)
Short 1 October 18th 225 Call
Short 1 October 18th 220 Put
Long 1 October 18th 225 Call
Long 1 October 18th 230 Call
Long 1 October 18th 220 Put
Long 1 October 18th 215 Put

COIN – (29.33) (3300.00 Credit Collected)
Short 1 October 18th 160 Call
Short 1 October 18th 140 Put
Long 1 October 18th 165 Call
Long 1 October 18th 190 Call
Long 2 October 18th 135 Put

DIA – (17.05) (2000.00 Credit Collected)
Short 1 October 18th 410 Call
Short 1 October 18th 398 Put
Long 1 October 18th 412 Call
Long 1 October 18th 430 Call
Long 2 October 18th 396 Put

NVDA – (17.70) (2700.00 Credit Collected)
Short 1 October 18th 106 Call
Short 1 October 18th 100 Put
Long 1 October 18th 108 Call
Long 1 October 18th 135 Call
Long 2 October 18th 98 Put

MARA – (5.97) (700.00 Credit Collected)
Short 1 October 18th 19 Call
Short 1 October 18th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 13 Put

SLV – (5.22) (600.00 Credit Collected)
Short 1 October 14th 28 Call
Short 1 October 14th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-10-18T08:37:34-04:00October 18, 2024|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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