Saturday Trades Friday Update 6/20/2025 – Bubba Trading

Saturday Trades Friday Update 6/20/2025

Markets lower but well off the Thursday lows

Saturday Call registration, pregame starts at 9:00 EST

Although markets were closed on Thursday they were open electronically they got hammered in the electronic session. They have cut much of those loses coming into this morning.

Markets are very shaky on the action in the Middle East. It will be interesting how they playout today, certainly they can go either way

Roll open SPY, and IWM to Monday

QQQ Expires today, one of the IWM trades expires today

Open Ratio Trades – If not already done, roll your Futures today or tomorrow

Sell to open MES June Futures
Buy to open June 20th 5 SPY ATM Calls

Sell to open MNQ June Futures
Buy to open June 20th 5 QQQ ATM Calls

Sell to open M2K June Futures
Buy to open June 20th 5 IWM ATM Calls

Sell to open MYM June Futures
Buy to open June 20th 5 DIA ATM Calls

Bubba

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)

SPY – 27.93 (350.00 Credit Collected)
Short 1 June 16th 606 Call
Short 1 June 16th 592 Put
Long 2 July 18th 602 Call
Long 2 July 18th 589 Put

QQQ – (24.09) (800.00 Credit Collected)
Short 2 June 16th 482 Call
Short 2 June 16th 462 Put
Long 2 June 20th 485 Call
Long 2 June 20th 460 Put

IWM- (21.00) (400.00 Credit Collected)
Short 2 June 16th 197 Call
Short 2 June 16th 191 Put
Long 2 June 20th 199 Call
Long 2 June 20th 189 Put

MARA – (11.48) (1200.00 Credit Collected)
Short 1 June 20th 18 Call

By Todd "Bubba" Horwitz|2025-06-20T09:04:50-04:00June 20, 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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