Saturday Trades Friday Update 5/17/2024 – Bubba Trading

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Saturday Trades Friday Update 5/17/2024

Markets Flat – the New Highs should be followed by a sell off

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

We are having a monster week, all positions have performed well except for HD. They changed the earnings date. Look for another quiet day.

There are 2 new trades, QQQ and ZM that have been repriced

Roll SPY, IWM, to Monday

Sell the extra expiring options

2024-05-11 Rolls

Ratio Spread using Futures and Options

•Long 6 MES (micro-S+P) Futures 5132
•Long 5 SPY May 17th 521 Puts 3.10

This trade is up on the futures side approx. 2800.00
Down about 1000.00 on the option side.

We could sell the Futures and hold the options

More Saturday

Bubba

Exercise and Assignment

Chat Room Link

New Trades

QQQ

ZM

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)

SPY – (22.01) (680.00 Credit Collected)
Short 1 May 24th 524 Call
Short 1 May 24th 516 Put
Long 2 June 21st 526 Call
Long 1 June 21st 532 Call
Long 2 June 21st 514 Put

CHWY – (3.56) (80.00 Credit Collected)
Short 1 May 24th 16 Call
Short 1 May 24th 15 Put
Long 2 June 21st 17.5 Call
Long 2 June 21st 15 Put

GLD – (11.47) (120.00 Credit Collected)
Short 1 May 24th 220 Call
Short 1 May 24th 215 Put
Long 2 June 21st 220 Call
Long 2 June 21st 215 Put

AMD – (20.52) (1100.00 Credit Collected)
Short 1 May 24th 165 Call
Short 1 May 24th 150 Put
Long 2 June 21st 170 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put

BYND – (3.49) (370.00 Credit Collected)
Short 1 May 24th 6.5 Call
Short 1 May 24th 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put

DKNG – (6.93) (280.00 Credit Collected)
Short 1 May 24th 44 Call
Short 1 May 24th 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 2 June 21st 41 Put

IWM – (17.20) (1350.00 Credit Collected)
Short 1 May 17th 200 Call
Short 1 May 17th 197 Put
Long 1 June 21st 202 Call
Long 1 June 21st 210 Call
Long 2 June 21st 195 Put

MARA- (5.18) (450.00 Credit Collected)
Short 1 May 17th 16.5 Call
Short 1 May 17th 16.5 Put
Long 1 May 17th 17 Call
Long 1 May 17th 20 Call
Long 2 May 17th 16 Put

IBM- (13.90) (1250.00 Credit Collected)
Short 1 May 10th 185 Call
Short 1 May 10th 180 Put
Long 2 May 17th 185 Call
Long 1 May 17th 180 Put
Long 1 May 17th 167.5 Put

HD- (16.53) (1600.00 Credit Collected)
Short 1 May 17th 340 Call
Short 1 May 17th 330 Put
Long 2 May 17th 345 Call
Long 2 May 17th 325 Put

BA- (19.79) (2175.00 Credit Collected)
Long 1 May 17th 182.5 Call
Long 1 May 17th 160 Put

SPY- (23.59) (3500.00 Credit Collected)
Short 1 May 17th 515 Call
Short 1 May 17th 505 Put
Long 2 May 17th 517 Call
Long 1 May 17th 532 Call
Long 1 May 17th 503 Put
Long 1 May 17th 494 Put

QQQ- (25.98) (3300.00 Credit Collected)
Short 1 May 17th 442 Call
Short 1 May 17th 434 Put
Long 2 May 17th 455 Call
Long 1 May 17th 430 Put
Long 1 May 17th 415 Put

COIN- (18.98) (2230.00 Credit Collected)
Short 1 May 17th 285 Call
Short 1 May 17th 200 Put
Long 1 May 17th 300 Call
Long 1 May 17th 190 Put

NUGT- (9.33) (1400.00 Credit Collected)
Short 1 May 17th 39 Call
Short 1 May 17th 39 Put
Long 1 May 17th 40 Call
Long 1 May 17th 45 Call
Long 1 May 17th 38 Put
Long 1 May 17th 35 Put

SQ- (14.36) (1800.00 Credit Collected)
Short 1 May 17th 80 Call
Short 1 May 17th 75 Put
Long 2 May 17th 82.5 Call
Long 1 May 17th 72.5 Put
Long 1 May 17th 65 Put

JPM – (12.11) (1300.00 Credit Collected)
Short 1 May 17th 200 Call
Short 1 May 17th 190 Put
Long 2 May 17th 200 Call
Long 1 May 17th 190 Put
Long 1 May 17th 180 Put

AAPL – (12.70) (1900.00 Credit Collected)
Short 1 May 17th 172.5 Call
Short 1 May 17th 165 Put
Long 1 May 17th 175 Call
Long 1 May 17th 192.5 Call
Long 2 May 17th 165 Put

TQQQ- (13.71) (1800.00 Credit Collected)
Short 1 May 17th 61.5 Call
Short 1 May 17th 61.5 Put
Long 1 May 17th 62 Call
Long 1 May 17th 65 Call
Long 1 May 17th 61 Put
Long 1 May 17th 48 Put

MRNA- (16.36) (2700.00 Credit Collected)
Short 1 May 17th 110 Call
Short 1 May 17th 105 Put
Long 1 May 17th 115 Call
Long 1 May 17th 135 Call
Long 2 May 17th 100 Put

AMZN- (22.17) (2350.00 Credit Collected)
Short 1 May 17th 180 Call
Short 1 May 17th 175 Put
Long 1 May 17th 185 Call
Long 1 May 17th 190 Call
Long 2 May 17th 170 Put

BITO- (9.45) (1300.00 Credit Collected)
Short 1 May 17th 30 Call
Short 1 May 17th 28 Put
Long 1 May 17th 31 Call
Long 1 May 17th 33 Call
Long 1 May 17th 27 Put
Long 1 May 17th 22 Put

TSLL – (2.58) (400.00 Credit Collected)
Short 3 May 17th 8 Call
Short 3 May 17th 7.50 Put
Long 3 May 17th 9 Call
Long 3 May 17th 10 Call
Long 3 May 17th 7 Put
Long 3 May 17th 6 Put

GME – (6.50) (2000.00 Credit Collected)
Short 1 May 17th 15 Call
Short 1 May 17th 14 Put
Long 1 May 17th 16 Call
Long 1 May 17th 13 Put
Long 1 May 17th 10 Put

IWM – (12.51) (2800.00 Credit Collected)
Short 1 May 17th 205 Call
Short 1 May 17th 199 Put
Long 1 May 17th 205 Call
Long 1 May 17th 212 Call
Long 1 May 17th 199 Put
Long 1 May 17th 193 Put

MU – (15.50) (2050.00 Credit Collected)
Short 1 May 17th 95 Call
Short 1 May 17th 90 Put
Long 1 May 17th 95 Call
Long 2 May 17th 90 Put

GLD – (7.98) (1450.00 Credit Collected)
Short 1 May 17th 207.5 Call
Short 1 May 17th 212.5 Put
Long 1 May 17th 215 Call
Long 1 May 17th 225 Call
Long 2 May 17th 205 Put

By Todd "Bubba" Horwitz|2024-05-17T08:46:04-04:00May 17, 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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