Saturday Trades Friday Update 7/12/2024 – Bubba Trading

Saturday Trades Friday Update 7/12/2024

Markets mixed on CPI

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

Thursday was a crazy day, S+P and Nasdaq got smashed, Dow flat and Russell exploded higher. This morning is PPI, which could create anything. The bottom line is we are having a great week and are prepared for anything

All rolls should be filled

Work to sell the extra options that expire on the 19th to lock in a profit, everyone’s will be a little different

I have sold the extra QQQ, SPY, AAPL and working the rest

CANCEL ANY UNFILLED NEW ORDERS

Roll SPY, QQQ and IWM to Monday

Ratio Spread using Futures and Options

•Short 6 MES (micro-S+P) Futures 5621
•Long 5 SPY July 12th 554 Call

Bubba

Exercise and Assignment

Chat Room Link

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)

MRNA – (20.12) (255.00 Credit Collected)
Short 1 July 19th 125 Call
Short 1 July 19th 110 Put
Long 2 August 16th 125 Call
Long 2 August 16th 110 Put

CHWY – (7.17) (205.00 Credit Collected)
Short 1 July 19th 27 Call
Short 1 July 19th 26 Put
Long 2 August 16th 27.5 Call
Long 2 August 16th 25 Put

NVDA – (24.77) (1000.00 Credit Collected)
Short 1 July 19th 129 Call
Short 1 July 19th 123 Put
Long 1 August 16th 130 Call
Long 1 August 16th 136 Call
Long 1 August 16th 122 Put
Long 1 August 16th 120 Put

ROKU – (13.10) (545.00 Credit Collected)
Short 1 July 19th 62 Call
Short 1 July 19th 58 Put
Long 2 August 16th 65 Call
Long 2 August 16th 55 Put

IWM – (8.36) (1100.00 Credit Collected)
Short 1 July 12th 202 Call
Short 1 July 12th 198 Put
Long 1 July 19th 204 Call
Long 1 July 19th 212 Call
Long 2 July 19th 196 Put

JPM – (10.28) (900.00 Credit Collected)
Short 1 July 19th 200 Call
Short 1 July 19th 190 Put
Long 1 July 19th 200 Call
Long 1 July 19th 210 Call
Long 2 July 19th 190 Put

GLD – (10.24) (825.00 Credit Collected)
Short 1 July 15th 215 Call
Short 1 July 15th 215 Put
Long 1 August 16th 220 Call
Long 1 August 16th 225 Call
Long 2 August 16th 210 Put

SPY – (20.22) (1840.00 Credit Collected)
Short 1 July 12th 546 Call
Short 1 July 12th 536 Put
Long 1 July 19th 548 Call
Long 1 July 19th 563 Call
Long 2 July 19th 534 Put

QQQ – (20.22) (2600.00 Credit Collected)
Short 1 July 12th 482 Call
Short 1 July 12th 472 Put
Long 1 July 19th 485 Call
Long 2 July 19th 470 Put

NUGT – (7.25) (1100.00 Credit Collected)
Short 1 July 19th 37 Call
Short 1 July 19th 35 Put
Long 1 July 19th 37 Call
Long 1 July 19th 48 Call
Long 2 July 19th 35 Put

AAPL – (10.10) (1425.00 Credit Collected)
Short 1 July 19th 215 Call
Short 1 July 19th 210 Put
Long 1 July 19th 220 Call
Long 2 July 19th 210 Put

RIOT – (3.05) (350.00 Credit Collected)
Short 1 July 19th 10.5 Call
Short 1 July 19th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put

MARA – (8.21) (740.00 Credit Collected)
Short 1 July 19th 22 Call
Short 1 July 19th 20 Put
Long 2 July 19th 23 Call
Long 1 July 19th 19 Put
Long 1 July 19th 18 Put

By Todd "Bubba" Horwitz|2024-07-12T08:55:25-04:00July 12, 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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