Saturday Trades Friday Update 4/19/2024 – Bubba Trading

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Saturday Trades Friday Update 4/19/2024

Israel bombs Iran – Markets tank, Gold and Oil explode

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Israel bombs Iran – Markets tank, Gold and Oil explode, now they are back to yesterday’s close. The action overnight was a pure blowoff.

Markets are ready to go much lower, however expect a rip your face off rally, possibly today. We are having a huge week and today’s action could help us clean up all the expiring trades.

Roll SPY, QQQ, and IWM to Monday

All rolls should be filled, all extra April 19th puts should be gone

BA – Buy to close 1 April 19th 175/165 Strangle/ Sell to open 1 April 26th 175/165 Strangle Credit 5.50

BITO – Buy to close 1 April 19th 30/28 Strangle/ Sell to open 1 April 26th 30/28 Strangle Credit 1.50

AAPL – Buy to close 1 April 19th 172.5/165 Strangle/ Sell to open 1 April 26th 172.5/165 Strangle Credit 1.50

JPM – Buy to close 1 April 19th 200/190 Strangle/ Sell to open 1 April 26th 200/190 Strangle Credit 1.70

COIN – Buy to close 1 April 19th 285/200 Strangle/ Sell to open 1 April 26th 285/200 Strangle Credit 5.50

NUGT – Buy to close 1 April 19th 39 Straddle/ Sell to open 1 April 26th 39 Straddle Credit 1.50

SQ – Buy to close 1 April 19th 80/75 Strangle/ Sell to open 1 April 26th 80/75 Strangle Credit 2.00

MRNA – Buy to close 1 April 19th 110/105 Strangle/ Sell to open 1 April 26th 110/105 Strangle Credit 3.00

TQQQ – Buy to close 1 April 19th 62 Straddle/ Sell to open 1 April 26th 62 Straddle Credit 1.29

AMZN – Buy to close 1 April 19th 180/175 Strangle/ Sell to open 1 April 26th 180/175 Strangle Credit 2.85

GME – Buy to close 1 April 19th 15/14 Strangle/ Sell to open 1 April 26th 15/14 Strangle Credit 1.00

TSLL – Buy to close 1 April 19th 8/7.5 Strangle/ Sell to open 1 April 26th 8/7.5 Strangle Credit .85

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- (19.79) (Credit Collected)
Short 1 April 19th 175 Call
Short 1 April 19th 165 Put
Long 2 May 17th 175 Call
Long 2 May 17th 165 Put

SPY- (23.59) (Credit Collected)
Short 1 April 16th 515 Call
Short 1 April 16th 505 Put
Long 2 May 17th 517 Call
Long 2 May 17th 503 Put

QQQ- (25.98) (Credit Collected)
Short 1 April 19th 442 Call
Short 1 April 19th 434 Put
Long 2 May 17th 445 Call
Long 2 May 17th 430 Put

COIN- (18.98) (280.00 Credit Collected)
Short 1 April 19th 285 Call
Short 1 April 19th 200 Put
Long 1 May 17th 300 Call
Long 1 May 17th 190 Put

NUGT- (9.33) (450.00 Credit Collected)
Short 1 April 19th 39 Call
Short 1 April 19th 39 Put
Long 1 May 17th 40 Call
Long 1 May 17th 45 Call
Long 2 May 17th 38 Put

SQ- (14.36) (200.00 Credit Collected)
Short 1 April 19th 80 Call
Short 1 April 19th 75 Put
Long 2 May 17th 82.5 Call
Long 2 May 17th 72.5 Put

JPM – (12.11) (500.00 Credit Collected)
Short 1 April 19th 200 Call
Short 1 April 19th 190 Put
Long 2 May 17th 200 Call
Long 1 May 17th 190 Put
Long 1 May 17th 185 Put

AAPL – (12.70) (150.00 Credit Collected)
Short 1 April 19th 172.5 Call
Short 1 April 19th 165 Put
Long 2 May 17th 175 Call
Long 2 May 17th 165 Put

TQQQ- (13.71) (579.00 Credit Collected)
Short 1 April 19th 61.5 Call
Short 1 April 19th 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) (400.00 Credit Collected)
Short 1 April 19th 110 Call
Short 1 April 19th 105 Put
Long 2 May 17th 115 Call
Long 2 May 17th 100 Put

GS – (20.73) (2200.00 Credit Collected)
Short 1 April 19th 410 Call
Short 1 April 19th 400 Put
Long 1 April 19th 415 Call
Long 1 April 19th 420 Call
Long 1 April 19th 395 Put
Long 1 April 19th 390 Put

AMZN- (22.17) (850.00 Credit Collected)
Short 1 April 19th 180 Call
Short 1 April 19th 175 Put
Long 1 May 17th 185 Call
Long 1 May 17th 190 Call
Long 2 May 17th 170 Put

BITO- (9.45) (600.00 Credit Collected)
Short 1 April 19th 30 Call
Short 1 April 19th 28 Put
Long 1 May 17th 31 Call
Long 1 May 17th 33 Call
Long 2 May 17th 27 Put

TSLL – (2.58) (170.00 Credit Collected)
Short 3 April 19th 8 Call
Short 3 April 19th 7.50 Put
Long 6 May 17th 9 Call
Long 6 May 17th 7 Put

GME – (6.50) (580.00 Credit Collected)
Short 1 April 19th 15 Call
Short 1 April 19th 14 Put
Long 1 May 17th 16 Call
Long 2 May 17th 13 Put

IWM – (12.51) (1250.00 Credit Collected)
Short 1 April 15th 205 Call
Short 1 April 15th 199 Put
Long 1 May 17th 205 Call
Long 1 May 17th 212 Call
Long 1 May 17th 199 Put
Long 1 May 17th 197 Put

MU – (15.50) (2000.00 Credit Collected)
Short 1 April 19th 95 Call
Short 1 April 19th 90 Put
Long 1 May 17th 95 Call
Long 2 May 17th 90 Put

GLD – (7.98) (900.00 Credit Collected)
Short 1 April 19th 207.5 Call
Short 1 April 19th 212.5 Put
Long 1 May 17th 215 Call
Long 1 May 17th 225 Call
Long 2 May 17th 205 Put

TOST – (4.10) (360.00 Credit Collected)
Short 1 April 19th 24.5 Call
Short 1 April 19th 24.5 Put
Long 2 April 19th 25 Call
Long 2 April 19th 24 Put

SE – (9.30) (800.00 Credit Collected)
Short 1 April 19th 59 Call
Short 1 April 19th 56 Put
Long 2 April 19th 55 Call
Long 2 April 19th 60 Put

SPY – (20.20) (2250.00 Credit Collected)
Short 1 April 15th 520 Call
Short 1 April 15th 510 Put
Long 1 April 19th 522 Call
Long 1 April 19th 525 Call
Long 2 April 19th 508 Put

QQQ – (23.72) (2200.00 Credit Collected)
Short 1 April 15th 451 Call
Short 1 April 15th 439 Put
Long 2 April 19th 454 Call
Long 2 April 19th 436 Put

AAPL – (10.07) (1100.00 Credit Collected)
Short 1 April 19th 182.5 Call
Short 1 April 19th 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) (500.00 Credit Collected)
Short 1 April 19th 15 Call
Short 1 April 19th 14 Put
Long 2 April 19th 16 Call
Long 1 April 19th 13 Put
Long 1 April 19th 10 Put

MARA – (14.78) (1200.00 Credit Collected)
Short 1 April 19th 29 Call
Short 1 April 19th 26 Put
Long 2 April 19th 30 Call
Long 1 April 19th 25 Put
Long 1 April 19th 18 Put

ZM – (7.58) (1300.00 Credit Collected)
Short 1 April 19th 64 Call
Short 1 April 19th 61 Put
Long 1 April 19th 65 Call
Long 2 April 19th 60 Put

By Todd "Bubba" Horwitz|2024-04-19T09:06:22-04:00April 19, 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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