Saturday Trades Friday Update 12/13/2024 – Bubba Trading

Saturday Trades Friday Update 12/13/2024

Markets higher on quiet trade

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

Not much has changed, markets are close to flat for the week. Volatility and price action are non existent, work the rolls and be patient.

On the Futures/Options trades, roll the calls to next week at the end of the day. Reenter the Gold trade will puts for next week, this weeks puts have value. Sell the expiring GLD puts and reopen the entire Gold trade anytime today

Roll SPY, IWM, and QQQ to Monday

Futures Options Trades – Open Position

Sell 6 MES Futures – 6099
Buy to open 5 December 13th 608 Call 2.90

Sell 6 MNQ Futures – 21656
Buy to open 5 December 17th 527 Calls 3.30

Buy 6 MGC Futures – 2659
Buy to open 5 GLD December 13th 250 Puts 1.73

Short 6 MYM Futures – 44706
Buy to open 5 DIA December 13th 447 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)

SLV – (6.58) (150.00 Credit Collected)
Short 1 December 9th 27.5 Call
Short 1 December 9th 27.5 Put
Long 2 March 21st 28 Call
Long 2 March 21st 28 Put

DIA – (14.98) (1200.00 Credit Collected)
Short 1 December 13th 438 Call
Short 1 December 13th 432 Put
Long 1 December 20th 440 Call
Long 1 December 20th 452 Call
Long 2 December 20th 430 Put

SPY – (28.77) (2700.00 Credit Collected)
Short 1 December 9th 601 Call
Short 1 December 9th 595 Put
Long 1 December 20th 603 Call
Long 1 December 20th 609 Call
Long 1 December 20th 593 Put
Long 1 December 20th 585 Put

QQQ – (33.41) (2900.00 Credit Collected)
Short 1 December 2nd 518 Call
Short 1 December 2nd 507 Put
Long 1 December 20th 520 Call
Long 1 December 20th 526 Call
Long 1 December 20th 505 Put
Long 1 December 20th 495 Put

AAPL – (13.71) (1100.00 Credit Collected)
Short 1 December 13th 240 Call
Short 1 December 13th 222.5 Put
Long 2 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (3400.00 Credit Collected)
Short 1 December 9th 228 Call
Short 1 December 9th 224 Put
Long 1 December 20th 230 Call
Long 1 December 20th 245 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

By Todd "Bubba" Horwitz|2024-12-13T09:14:37-05:00December 13, 2024|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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