Saturday Trades Friday Update 5/31/2024 – Bubba Trading

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Saturday Trades Friday Update 5/31/2024

Markets continue lower – Looks like the trend is turning

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

Markets remain under pressure indicating a possible trend change. Our concerns are the lack of volume, the lack or participation and the FED doing something dumb.

All Rolls should be completed

Rolls

Roll SPY, QQQ, and IWM to Monday

Ratio Spread using Futures and Options

•Long 6 MES (micro-S+P) Futures 5322
•Long 5 SPY May 31st 529 Puts 1.80

Bubba

Exercise and Assignment

Chat Room Link

New Trades

RIOT

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)

RIOT – (3.05) (60.00 Credit Collected)
Short 1 June 7th 10.5 Call
Short 1 June 7th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put

MARA – (8.21) (110.00 Credit Collected)
Short 1 June 7th 22 Call
Short 1 June 7th 20 Put
Long 2 July 19th 23 Call
Long 2 July 19th 19 Put

COIN – (10.53) (350.00 Credit Collected)
Short 1 June 7th 265 Call
Short 1 June 7th 205 Put
Long 1 June 21st 270 Call
Long 1 June 21st 200 Put

QQQ – (21.27) (880.00 Credit Collected)
Short 1 May 31st 456 Call
Short 1 May 31st 447 Put
Long 1 June 21st 458 Call
Long 1 June 21st 460 Call
Long 2 June 21st 445 Put

ZM – (4.06) (132.00 Credit Collected)
Short 1 June 7th 68 Call
Short 1 June 7th 60 Put
Long 2 June 21st 70 Call
Long 2 June 21st 60 Put

MRVL – (12.69) (580.00 Credit Collected)
Short 1 June 7th 75 Call
Short 1 June 7th 70 Put
Long 1 June 21st 75 Call
Long 1 June 21st 78 Call
Long 2 June 21st 70 Put

CHWY – (3.56) (430.00 Credit Collected)
Short 1 June 7th 16 Call
Short 1 June 7th 15 Put
Long 1 June 21st 17.5 Call
Jong 1 June 21st 22 Call
Long 2 June 21st 15 Put

TSLL – (1.79) (63.00 Credit Collected)
Short 4 June 7th 8 Call
Short 4 June 7th 7.5 Put
Long 8 June 21st 7.73 Call
Long 8 June 21st 6.73 Put

NUGT – (9.55) (500.00 Credit Collected)
Short 1 June 7th 45 Call
Short 1 June 7th 45 Put
Long 2 June 21st 45 Call
Long 1 June 21st 45 Put
Long 1 June 21st 40 Put

SPY – (22.01) (1300.00 Credit Collected)
Short 1 May 31st 524 Call
Short 1 May 31st 516 Put
Long 1 June 21st 526 Call
Long 1 June 21st 532 Call
Long 2 June 21st 514 Put

GLD – (11.47) (700.00 Credit Collected)
Short 1 June 5th 220 Call
Short 1 June 5th 215 Put
Long 1 June 21st 220 Call
Long 1 June 21st 225 Call
Long 2 June 21st 215 Put

AMD – (20.52) (2050.00 Credit Collected)
Short 1 June 7th 165 Call
Short 1 June 7th 150 Put
Long 1 June 21st 170 Call
Long 1 June 21st 175 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put

BYND – (3.49) (480.00 Credit Collected)
Short 1 June 7th 6.5 Call
Short 1 June 7th 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put

DKNG – (6.93) (750.00 Credit Collected)
Short 1 June 7th 44 Call
Short 1 June 7th 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 1 June 21st 41 Put
Long 1 June 21st 36 Put

By Todd "Bubba" Horwitz|2024-05-31T08:45:47-04:00May 31, 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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