Saturday Trades Friday Update 9/20/2024

New Highs for S+P and Dow

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

On Thursday the Dow and S+P made new all time highs. The markets are ignoring the economy which is not surprising, the charts suggest that there is more room on the upside.

However, markets are extremely overbought and should have a small pullback. Either way in the longer term we want to be sellers.

I sold all of my extra options, today watch the short expiring spreads you may have to close.

Roll SPY, QQQ, and IWM to Monday

 

Futures Ratio Spread – Everyone should have sold the futures and locked in nice profits. We are holding the September 20th Puts for Free

HAVE ORDERS WORKING ON THE FUTURES, THERE COULD BE WILD SWINGS

Buy 6 MES Futures – 5425 Closed
Buy to open 5 ATM 542 6.00 Puts for September 20th – Open
Buy 6 MNQ Futures – 18670 Closed
Buy to open 5 ATM 454 Puts 7.00 for September 20th – Open

NEW Futures Options Trade put on this morning

Sell 6 MES Futures –
Buy to open 5 ATM Calls September 20th

Sell 6 MNQ Futures –
Buy to open 5 ATM Calls September 20th

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)

AAPL – (16.62) (250.00 Credit Collected)
Short 1 September 20th 225 Call
Short 1 September 20th 220 Put
Long 2 October 18th 225 Call
Long 1 October 18th 220 Put
Long 1 October 18th 215 Put

COIN – (29.33) (500.00 Credit Collected)
Short 1 September 20th 160 Call
Short 1 September 20th 140 Put
Long 2 October 18th 165 Call
Long 2 October 18th 135 Put

DIA – (17.05) (500.00 Credit Collected)
Short 1 September 20th 410 Call
Short 1 September 20th 398 Put
Long 1 October 18th 412 Call
Long 1 October 18th 416 Call
Long 2 October 18th 396 Put

NVDA – (17.70) (1000.00 Credit Collected)
Short 1 September 20th 106 Call
Short 1 September 20th 100 Put
Long 1 October 18th 108 Call
Long 1 October 18th 120 Call
Long 2 October 18th 98 Put

MARA – (5.97) (350.00 Credit Collected)
Short 1 September 20th 19 Call
Short 1 September 20th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 13 Put

QQQ – (25.77) (3300.00 Credit Collected)
Short 1 September 17th 480 Call
Short 1 September 17th 475 Put
Long 2 September 20th 485 Call
Long 1 September 20th 470 Put
Long 1 September 20th 450 Put

NVDA – (21.84) (2600.00 Credit Collected)
Short 1 September 20th 130 Call
Short 1 September 20th 120 Put
Long 2 September 20th 132 Call
Long 1 September 20th 118 Put
Long 1 September 20th 102 Put

SPY – (21.83) (3100.00 Credit Collected)
Short 1 September 17th 560 Call
Short 1 September 17th 550 Put
Long 1 September 20th 562 Call
Long 1 September 20th 563 Call
Long 1 September 20th 548 Put
Long 1 September 20th 540 Put

SPY – (15.27) (300.00 Credit Collected)
Short 1 September 16th 537 Call
Short 1 September 16th 523 Put
Long 1 September 20th 539 Call
Long 1 September 20th 521 Put

IWM – (17.19) (2150.00 Credit Collected)
Short 1 September 17th 209 Call
Short 1 September 17th 201 Put
Long 1 September 20th 211 Call
Long 1 September 20th 222 Call
Long 2 September 20th 199 Put

QQQ – (19.51) (300.00 Credit Collected)
Short 1 September 16th 455 Call
Short 1 September 16th 439 Put
Long 1 September 20th 455 Call
Long 1 September 20th 439 Put

SLV – (5.22) (460.00 Credit Collected)
Short 1 September 18th 28 Call
Short 1 September 18th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put