Saturday Trades Friday Update 8/18/2023 – Bubba Trading

ATTENTION: Microsoft Edge browser is not supported and will result in a degraded user experience and/or inability to login. We recommend using Brave, Firefox, Chrome for the best experience.

Saturday Trades Friday Update 8/18/2023

Saturday Call registration, pregame starts at 9:00 EST

Saturday Call Registration

Password: 159928

Markets a Little Different this Morning

The past few mornings markets have opened higher and each morning we said to sell the rally. With this mornings action, we could see a rally form the oversold conditions.

The trend is lower, markets are in trouble but there will be rallies. We will look to sell at resistance, not in the hole. Look for a level to sell, do not compromise. Wait for it.

We have a number of expiring positions today, look for spots to sell the extra options.

Roll SPY, QQQ, and IWM to Monday.

GLD – Buy to close 1 August 18th 181/179 Strangle/Sell to Open 1 August 25th 181/179 Strangle Credit 1.01

DIA – Buy to close 1 August 18th 359/351 Strangle/Sell to Open 1 August 25th 109/91 Strangle Credit 1.60

IWM – Buy to close 1 August 14th 196/192 Strangle/Sell to Open 1 August 16th 196/192 Strangle Credit .70

RIOT – Buy to close 1 August 18th 20/17 Strangle/Sell to Open 1 August 25th 20/17 Strangle Credit .60

ZM – Buy to close 1 August 18th 74/71 Strangle/Sell to Open 1 August 25th 74/71 Strangle Credit 3.32

2023-08-12 Pregame

2023-08-12 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)

TSLA – (11.44) (403.00 Credit Collected)
Short 1 August 25th 252.5 Call
Short 1 August 25th 232.5 Put
Long 1 September 15th 255 Call
Long 1 September 15th 230 Put

COIN – (7.47) (290.00 Credit Collected)
Short 1 August 25th 85 Call
Short 1 August 25th 75 Put
Long 1 September 15th 85 Call
Long 1 September 15th 75 Put

GLD – (6.35) (321.00 Credit Collected)
Short 1 August 18th 181 Call
Short 1 August 18th 179 Put
Long 2 September 15th 182 Call
Long 1 September 15th 178 Put
Long 1 September 15th 175 Put

IWM – (12.10) (650.00 Credit Collected)
Short 1 August 18th 196 Call
Short 1 August 18th 192 Put
Long 2 September 15th 198 Call
Long 1 September 15th 190 Put
Long 1 September 15th 183 Put

QQQ – (24.64) (600.00 Credit Collected)
Short 1 August 18th 378 Call
Short 1 August 18th 366 Put
Long 2 September 15th 380 Call
Long 1 September 15th 364 Put
Long 1 September 15th 358 Put

SPY – (21.25) (670.00 Credit Collected)
Short 1 August 18th 451 Call
Short 1 August 18th 443 Put
Long 2 September 15th 454 Call
Long 1 September 15th 441 Put
Long 1 September 15th 436 Put

RIOT – (5.18) (397.00 Credit Collected)
Short 1 August 25th 20 Call
Short 1 August 25th 17 Put
Long 2 September 15th 21 Call
Long 1 September 15th 16 Put
Long 1 September 15th 12 Put

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

ZM – (15.15) (812.00 Credit Collected)
Short 1 August 25th 74 Call
Short 1 August 25th 71 Put
Long 2 September 15th 75 Call
Long 1 September 15th 70 Put
Long 1 September 15th 66 Put

DIA – (11.19) (709.00 Credit Collected)
Short 1 August 25th 359 Call
Short 1 August 25th 351 Put
Long 2 September 15th 361 Call
Long 1 September 15th 349 Put
Long 1 September 15th 345 Put

COIN – (9.32) (1204.00 Credit Collected)
Short 1 August 18th 109 Call
Short 1 August 18th 91 Put
Long 1 August 18th 110 Call
Long 1 August 18th 90 Put

RIVN – (4.21) (313.00 Credit Collected)
Short 1 August 18th 26.5 Call
Short 1 August 18th 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 18th 78 Call
Short 1 August 18th 71 Put
Long 1 August 18th 80 Call
Long 1 August 18th 98 Call
Long 2 August 18th 70 Put

GS – (16.91) (2250.00 Credit Collected)
Short 1 August 18th 335 Call
Short 1 August 18th 315 Put
Long 1 August 18th 335 Call
Long 1 August 18th 360 Call
Long 2 August 18th 315 Put

QQQ – (26.06) (3100.00 Credit Collected)
Short 1 August 18th 370 Call
Short 1 August 18th 362 Put
Long 1 August 18th 372 Call
Long 1 August 18th 388 Call
Long 1 August 18th 360 Put
Long 1 August 18th 358 Put

SPY – (19.98) (2610.00 Credit Collected)
Short 1 August 18th 442 Call
Short 1 August 18th 434 Put
Long 1 August 18th 444 Call
Long 1 August 18th 460 Call
Long 2 August 18th 432 Put

IWM – (9.34) (1330.00 Credit Collected)
Short 1 August 18th 188 Call
Short 1 August 18th 182 Put
Long 1 August 18th 190 Call
Long 1 August 18th 198 Call
Long 2 August 18th 180 Put

GOOGL – (10.33) (2200.00 Credit Collected)
Short 1 August 18th 124 Call
Short 1 August 18th 117 Put
Long 1 August 18th 125 Call
Long 1 August 18th 117 Put
Long 1 August 18th 115 Put

AMZN – (15.19) (1910.00 Credit Collected)
Short 1 August 18th 134 Call
Short 1 August 18th 126 Put
Long 1 August 18th 135 Call
Long 2 August 18th 125 Put

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

AAPL – (11.99) (1700.00 Credit Collected)
Short 1 August 18th 190 Call
Short 1 August 18th 182.5 Put
Long 1 August 18th 195 Call
Long 1 August 18th 197.5 Call
Long 1 August 18th 180 Put
Long 1 August 18th 172.5 Put

By Todd "Bubba" Horwitz|2023-08-18T07:56:07-04:00August 18, 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.

Thank you for visiting Bubba Trading. We use cookies to improve your experience during your sojourn, prior & future purchases, and all other interactions herein. Your continued use of the site constitutes your freely-given explicit consent to our company user policies and that you being of sound-mind understand the implications thereof. To find out more, read our privacy policy , general visitor terms of use, and/or the subscriber & customer terms of use. If you wish not to consent to said policies, you must leave the site immediately and are forbidden to return until such time as you opt to freely & explicitly consent to our aforementioned & hyperlinked policies.

Ok