Saturday Trades Friday Update 5/2/2025 – Bubba Trading

Saturday Trades Friday Update 5/2/2025

Gamble trade Update

On the Gamble trade we did yesterday MES/SPY we didn’t get the sell off on Jobs. We will roll the call to the ATM call for May 9th. I would do it late in the day

Markets higher – Jobs Friday – Be prepared to sell

Remember no call Saturday

Markets higher again this morning, the rally is starting to weaken. Much of the story will be told with the jobs number this morning.

Markets have reached or are close to our level to sell. We are now in a sell the rally mode. The RYFOR this week is what we expected bringing us new opportunities.

Roll SPY, QQQ, and IWM to Monday

Gamble Trade from Thursday

Sell 6 MES June Futures
Buy to open 5 May2nd ATM calls

Bubba

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New Trades

IWM

QQQ

AAPL

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
Long 5 May16th 29.5 Calls
Short 5 May 16th 29.5 Puts
Long 5 May 16th 27.5 Puts

SPY – (15.42) (700.00 Credit Collected)
Short 2 April 28th 540 Call
Short 1 April 28th 512 Put
Long 2 May 16th 542 Call
Long 2 May 16th 510 Put

NUGT
Long 2 April 25th 77 Calls
Short 3 June 20th 35 Calls
Long 3 June 20th 75 Calls

MARA – (11.48) (1200.00 Credit Collected)
Short 1 April 25th 18 Call
Short 1 April 25th 16 Put
Long 2 June 20th 18 Call
Long 1 June 20th 16 Put

By Todd "Bubba" Horwitz|2025-05-02T09:53:54-04:00May 2, 2025|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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