Saturday Trades Friday Update 8/11/2023 – Bubba Trading

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Saturday Trades Friday Update 8/11/2023

Saturday Call registration, pregame starts at 9:00 EST

Saturday Call Registration

Password: 194622

Markets Appear to Have Made a Top

All week we talk about the possible topping action in markets. It appears that the top is in and rallies should be sold. Don’t rush in and sell, be patient and pick your spots.

Remember, its still summer and slow, trade with caution.

Roll SPY, QQQ, and IWM to Monday.

Most rolls are done but complete the balance today.

RIVN – Buy to close 1 August 11th 26.5/21.5 Strangle/Sell to Open 1 August 18th 26.5/21.5 Strangle Credit .70

ROKU – Buy to close 1 August 11th 78/71 Strangle/Sell to Open 1 August 18th 78/71 Strangle Credit 1.03

GS – Buy to close 1 August 11th 335/315 Strangle/Sell to Open 1 August 18th 335/315 Strangle Credit 1.58

AMZN – Buy to close 1 August 11th 134/126 Strangle/Sell to Open 1 August 18th 134/126 Strangle Credit 1.45

AAPL – Buy to close 1 August 11th 190/182.5 Strangle/Sell to Open 1 August 18th 190/182.5 Strangle Credit 1.13

GOOGL – Buy to close 1 August 11th 124/117 Strangle/Sell to Open 1 August 11th 124/117 Strangle Credit 2.04

ZM – Buy to close 1 August 11th 70/65 Strangle/Sell to Open 1 August 18th 69/66 Strangle Credit 2.44

COIN – Buy to close 1 August 11th 109/91 Strangle/Sell to Open 1 August 18th 109/91 Strangle Credit 2.39

DIA – Buy to close 1 August 11th 359/351 Strangle/Sell to Open 1 August 18th 109/91 Strangle Credit 1.90

SQ – Buy to close 1 August 11th 80/76 Strangle/Sell to Open 1 August 18th 80/76 Strangle Credit .39

RIOT – Buy to close 1 August 11th 20/17 Strangle/Sell to Open 1 August 18th 20/17 Strangle Credit .60

ZM – Buy to close 1 August 11th 74/71 Strangle/Sell to Open 1 August 18th 74/71 Strangle Credit 1.33

2023-08-05 Pregame

2023-08-05 Saturday Call Recording

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)

GLD – (6.35) (Credit Collected)
Short 1 August 11th 181 Call
Short 1 August 11th 179 Put
Long 2 September 15th 182 Call
Long 2 September 15th 178 Put

IWM – (12.10) (Credit Collected)
Short 1 August 9th 196 Call
Short 1 August 9th 192 Put
Long 2 September 15th 198 Call
Long 2 September 15th 190 Put

QQQ – (24.64) (Credit Collected)
Short 1 August 9th 378 Call
Short 1 August 9th 366 Put
Long 2 September 15th 380 Call
Long 2 September 15th 364 Put

SPY – (21.25) (Credit Collected)
Short 1 August 9th 451 Call
Short 1 August 9th 443 Put
Long 2 September 15th 454 Call
Long 2 September 15th 441 Put

RIOT – (5.18) (87.00 Credit Collected)
Short 1 August 11th 20 Call
Short 1 August 11th 17 Put
Long 2 September 15th 21 Call
Long 2 September 15th 16 Put

SQ – (8.16) (1035.00 Credit Collected)
Short 1 August 11th 80 Call
Short 1 August 11th 76 Put
Long 2 August 18th 80 Call
Long 1 August 18th 76 Put

ZM – (15.15) (180.00 Credit Collected)
Short 1 August 11th 74 Call
Short 1 August 11th 71 Put
Long 2 September 15th 75 Call
Long 2 September 15th 70 Put

DIA – (11.19) (170.00 Credit Collected)
Short 1 August 11th 359 Call
Short 1 August 11th 351 Put
Long 2 September 15th 361 Call
Long 2 September 15th 349 Put

COIN – (9.32) (965.00 Credit Collected)
Short 1 August 11th 109 Call
Short 1 August 11th 91 Put
Long 1 August 18th 110 Call
Long 1 August 18th 90 Put

RIVN – (4.21) (313.00 Credit Collected)
Short 1 August 11th 26.5 Call
Short 1 August 11th 21.5 Put
Long 2 August 18th 27.5 Call
Long 2 August 18th 20 Put

ROKU – (15.26) (1901.00 Credit Collected)
Short 1 August 11th 78 Call
Short 1 August 11th 71 Put
Long 1 August 18th 80 Call
Long 1 August 18th 98 Call
Long 2 August 18th 70 Put

GS – (16.91) (2100.00 Credit Collected)
Short 1 August 11th 335 Call
Short 1 August 11th 315 Put
Long 1 August 18th 335 Call
Long 1 August 18th 360 Call
Long 2 August 18th 315 Put

QQQ – (26.06) (2600.00 Credit Collected)
Short 1 August 7th 370 Call
Short 1 August 7th 362 Put
Long 1 August 18th 372 Call
Long 1 August 18th 388 Call
Long 2 August 18th 360 Put

SPY – (19.98) (2410.00 Credit Collected)
Short 1 August 7th 442 Call
Short 1 August 7th 434 Put
Long 1 August 18th 444 Call
Long 1 August 18th 460 Call
Long 2 August 18th 432 Put

IWM – (9.34) (1230.00 Credit Collected)
Short 1 August 7th 188 Call
Short 1 August 7th 182 Put
Long 1 August 18th 190 Call
Long 1 August 18th 198 Call
Long 2 August 18th 180 Put

GOOGL – (10.33) (2100.00 Credit Collected)
Short 1 August 11th 124 Call
Short 1 August 11th 117 Put
Long 1 August 18th 125 Call
Long 1 August 18th 117 Put
Long 1 August 18th 115 Put

AMZN – (15.19) (1808.00 Credit Collected)
Short 1 August 11th 134 Call
Short 1 August 11th 126 Put
Long 1 August 18th 135 Call
Long 2 August 18th 125 Put

ZM – (11.99) (680.00 Credit Collected)
Short 1 August 11th 70 Call
Short 1 August 11th 65 Put
Long 1 August 18th 70 Call
Long 1 August 18th 65 Put

AAPL – (11.99) (1254.00 Credit Collected)
Short 1 August 11th 190 Call
Short 1 August 11th 182.5 Put
Long 1 August 18th 195 Call
Long 1 August 18th 197.5 Call
Long 2 August 18th 180 Put

By Todd "Bubba" Horwitz|2023-08-11T08:04:48-04:00August 11, 2023|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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