Saturday Trades Friday Update 8/30/2024 – Bubba Trading

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Saturday Trades Friday Update 8/30/2024

Markets quiet and higher in front of the Labor Day Weekend

Markets remain quiet and are higher this morning. The entire day will probably be decided by the news at 8:30. It will be a ghost town by 11:00 if not earlier.

Roll SPY, QQQ , and IWM to Tuesday.

Get the rolls done and call it a day

Futures Ratio Spread

Hopefully everyone closed the futures locking in solid profits and now a free roll on the calls

Sell 6 MES Futures – 5652
Buy to open 5 ATM Calls August 30th 561 Calls

Sell 6 MNQ Futures – 19790
Buy to open 5 ATM Calls August 30th 480 Calls

Bubba

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New Trades

MARA

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)

QQQ – (25.77) (800.00 Credit Collected)
Short 1 August 26th 480 Call
Short 1 August 26th 475 Put
Long 2 September 20th 485 Call
Long 2 September 20th 470 Put

NVDA – (21.84) (900.00 Credit Collected)
Short 1 August 30th 130 Call
Short 1 August 30th 120 Put
Long 2 September 20th 132 Call
Long 2 September 20th 118 Put

SPY – (21.83) (800.00 Credit Collected)
Short 1 August 26th 560 Call
Short 1 August 26th 550 Put
Long 2 September 20th 562 Call
Long 2 September 20th 548 Put

COIN – (13.68) (340.00 Credit Collected)
Short 1 August 30th 220 Call
Short 1 August 30th 185 Put
Long 1 September 20th 220 Call
Long 1 September 20th 185 Put

SPY – (15.27) (300.00 Credit Collected)
Short 1 August 26th 537 Call
Short 1 August 26th 523 Put
Long 1 September 20th 539 Call
Long 1 September 20th 521 Put

IWM – (17.19) (1000.00 Credit Collected)
Short 1 August 26th 209 Call
Short 1 August 26th 201 Put
Long 1 September 20th 211 Call
Long 1 September 20th 221 Call
Long 2 September 20th 199 Put

QQQ – (19.51) (300.00 Credit Collected)
Short 1 August 26th 455 Call
Short 1 August 26th 439 Put
Long 1 September 20th 455 Call
Long 1 September 20th 439 Put

SLV – (5.22) (300.00 Credit Collected)
Short 1 August 28th 28 Call
Short 1 August 28th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-08-30T07:57:41-04:00August 30, 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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