Saturday Trades Friday Update 4/12/2024 – Bubba Trading

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Saturday Trades Friday Update 4/12/2024

The sellers are back – JPM under pressure

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

Yesterday markets soared higher, this morning they are under some pressure. As earnings season begins JPM is down 4% in the premarket. The big question – was Thursday a deadcat bounce or the start of the next leg up

Roll SPY, QQQ, and IWM to Monday

All rolls should be filled, any that are not get them done this morning

Rolls

AAPL – Buy to close 1 April 12th 172.5/165 Strangle/ Sell to open 1 April 19th 172.5/165 Strangle Credit 1.50

JPM – Buy to close 1 April 12th 200/190 Strangle/ Sell to open 1 April 19th 200/190 Strangle Credit 1.70

COIN – Buy to close 1 April 12th 285/200 Strangle/ Sell to open 1 April 19th 285/200 Strangle Credit 2.80

NUGT – Buy to close 1 April 12th 39 Straddle/ Sell to open 1 April 19th 39 Straddle Credit 1.50

SQ – Buy to close 1 April 12th 80/75 Strangle/ Sell to open 1 April 19th 80/75 Strangle Credit 1.70

MRNA – Buy to close 1 April 12th 110/105 Strangle/ Sell to open 1 April 19th 110/105 Strangle Credit 2.24

TQQQ – Buy to close 1 April 12th 62 Straddle/ Sell to open 1 April 19th 62 Straddle Credit 1.29 FILLED

AMZN – Buy to close 1 April 12th 180/175 Strangle/ Sell to open 1 April 19th 180/175 Strangle Credit 2.00

GS – Buy to close 1 April 12th 410/400 Strangle/ Sell to open 1 April 19th 410/400 Strangle Credit 8.00

GME – Buy to close 1 April 12th 15/14 Strangle/ Sell to open 1 April 19th 15/14 Strangle Credit 1.00

TSLL – Buy to close 1 April 12th 8/7.5 Strangle/ Sell to open 1 April 19th 8/7.5 Strangle Credit .50

TOST – Buy to close 1 April 12th 26 Straddle/ Sell to open 1 April 19th 24.5 Straddle Credit .90

SE – Buy to close 1 April 12th 59/56 Strangle/ Sell to open 1 April 19th 59/56 Strangle Credit 1.50

RIOT – Buy to close 1 April 12th 15/14 Strangle/ Sell to open 1 April 19th 15/14 Strangle Credit .75

MARA – Buy to close 1 April 12th 29/26 Strangle/ Sell to open 1 April 19th 29/26 Strangle Credit 2.00

AAPL – Buy to close 1 April 12th 182.5/177.5 Strangle/ Sell to open 1 April 19th 182.5/177.5 Strangle Credit 1.85

ZM – Buy to close 1 April 12th 64/61 Strangle/ Sell to open 1 April 19th 64/61 Strangle Credit 1.00

Exercise and Assignment

Chat Room Link

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)

COIN- (18.98) (Credit Collected)
Short 1 April 12th 285 Call
Short 1 April 12th 200 Put
Long 1 May 17th 300 Call
Long 1 May 17th 190 Put

NUGT- (9.33) (Credit Collected)
Short 1 April 12th 39 Call
Short 1 April 12th 39 Put
Long 2 May 17th 40 Call
Long 2 May 17th 38 Put

SQ- (14.36) (Credit Collected)
Short 1 April 12th 80 Call
Short 1 April 12th 75 Put
Long 2 May 17th 82.5 Call
Long 2 May 17th 72.5 Put

JPM – (12.11) (Credit Collected)
Short 1 April 12th 200 Call
Short 1 April 12th 190 Put
Long 2 May 17th 200 Call
Long 2 May 17th 190 Put

AAPL – (12.70) (Credit Collected)
Short 1 April 12th 172.5 Call
Short 1 April 12th 165 Put
Long 2 May 17th 175 Call
Long 2 May 17th 165 Put

TQQQ- (13.71) (450.00 Credit Collected)
Short 1 April 12th 61.5 Call
Short 1 April 12th 61.5 Put
Long 1 May 17th 62 Call
Long 1 May 17th 63 Call
Long 1 May 17th 61 Put
Long 1 May 17th 57 Put

MRNA- (16.36) (200.00 Credit Collected)
Short 1 April 12th 110 Call
Short 1 April 12th 105 Put
Long 2 May 17th 115 Call
Long 2 May 17th 100 Put

GS – (20.73) (1100.00 Credit Collected)
Short 1 April 12th 410 Call
Short 1 April 12th 400 Put
Long 1 April 19th 415 Call
Long 1 April 19th 420 Call
Long 2 April 19th 395 Put

AMZN- (22.17) (400.00 Credit Collected)
Short 1 April 12th 180 Call
Short 1 April 12th 175 Put
Long 2 May 17th 185 Call
Long 2 May 17th 170 Put

BITO- (9.45) (400.00 Credit Collected)
Short 1 April 12th 30 Call
Short 1 April 12th 28 Put
Long 1 May 17th 31 Call
Long 1 May 17th 33 Call
Long 2 May 17th 27 Put

TSLL – (2.58) (85.00 Credit Collected)
Short 3 April 12th 8 Call
Short 3 April 12th 7.50 Put
Long 6 May 17th 9 Call
Long 6 May 17th 7 Put

GME – (6.50) (560.00 Credit Collected)
Short 1 April 12th 15 Call
Short 1 April 12th 14 Put
Long 1 May 17th 16 Call
Long 2 May 17th 13 Put

IWM – (12.51) (850.00 Credit Collected)
Short 1 April 8th 205 Call
Short 1 April 8th 199 Put
Long 1 May 17th 205 Call
Long 1 May 17th 212 Call
Long 2 May 17th 199 Put

MU – (15.50) (2000.00 Credit Collected)
Short 1 April 12th 95 Call
Short 1 April 12th 90 Put
Long 1 May 17th 95 Call
Long 2 May 17th 90 Put

TOST – (4.10) (320.00 Credit Collected)
Short 1 April 12th 24.5 Call
Short 1 April 12th 24.5 Put
Long 2 April 19th 25 Call
Long 2 April 19th 24 Put

SE – (9.30) (700.00 Credit Collected)
Short 1 April 12th 59 Call
Short 1 April 12th 56 Put
Long 2 April 19th 55 Call
Long 2 April 19th 60 Put

SPY – (20.20) (1650.00 Credit Collected)
Short 1 April 8th 520 Call
Short 1 April 8th 510 Put
Long 1 April 19th 522 Call
Long 1 April 19th 525 Call
Long 2 April 19th 508 Put

QQQ – (23.72) (1800.00 Credit Collected)
Short 1 April 8th 451 Call
Short 1 April 8th 439 Put
Long 2 April 19th 454 Call
Long 2 April 19th 436 Put

AAPL – (10.07) (900.00 Credit Collected)
Short 1 April 12th 182.5 Call
Short 1 April 12th 177.5 Put
Long 2 April 19th 185 Call
Long 1 April 19th 175 Put
Long 1 April 19th 167.5 Put

RIOT – (5.40) (460.00 Credit Collected)
Short 1 April 12th 15 Call
Short 1 April 12th 14 Put
Long 2 April 19th 16 Call
Long 1 April 19th 13 Put
Long 1 April 19th 10 Put

MARA – (14.78) (1100.00 Credit Collected)
Short 1 April 12th 29 Call
Short 1 April 12th 26 Put
Long 2 April 19th 30 Call
Long 1 April 19th 25 Put
Long 1 April 19th 18 Put

ZM – (7.58) (1220.00 Credit Collected)
Short 1 April 12th 64 Call
Short 1 April 12th 61 Put
Long 1 April 19th 65 Call
Long 2 April 19th 60 Put

By Todd "Bubba" Horwitz|2024-04-12T10:11:34-04:00April 12, 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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