Saturday Trades Monday Update 10/2/2023 – 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 Monday Update 10/2/2023

Markets opened up big last night – The sellers are back

Markets opened up big last night, the gains are almost all gone. The S+P and Dow are now flat. This is the pattern we are in now, sell rallies that reach levels of resistance.

The one quirk in today’s trade, this is the beginning of a new month and quarter. The overall sentiment will not change, markets are headed lower

New Trades good as written

Roll SPY and QQQ to Tuesday, IWM to Wednesday

2023-09-30 Saturday Call Recording

JPM – Buy to close 1 October 6th 150/145 Strangle/Sell to Open 1 October 13th 150/145 Strangle Credit 2.50

GS – Buy to close 1 October 6th 347.5/337.5 Strangle/Sell to Open 1 October 13th 347.5/337.5 Strangle Credit 3.10

ROKU – Buy to close 1 October 6th 88/82 Strangle/Sell to Open 1 October 13th 88/82 Strangle Credit 1.00

ORCL – Buy to close 1 October 6th 122/118 Strangle/Sell to Open 1 October 13th 122/118 Strangle Credit .50

TWLO – Buy to close 1 October 6th 68/62 Strangle/Sell to Open 1 October 13th 68/62 Strangle Credit 1.00

GOOGL – Buy to close 1 October 6th 138/132 Strangle/Sell to Open 1 October 13th 138/132 Strangle Credit 2.50

AAPL – Buy to close 1 October 6th 180/175 Strangle/Sell to Open 1 October 13th 180/175 Strangle Credit 1.60

MU – Buy to close 1 October 6th 70/66 Strangle/Sell to Open 1 October 13th 70/66 Strangle Credit 1.00

COIN – Buy to close 1 October 6th 80/76 Strangle/Sell to Open 1 October 13th 80/76 Strangle Credit 2.40

Exercise and Assignment

Chat Room Link

New Trades

NUGT

NFLX

MSFT

IBM

TSLA

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)

MU – (5.50) (340.00 Credit Collected)
Short 1 October 6th 70 Call
Short 1 October 6th 66 Put
Long 2 October 20th 71 Call
Long 2 October 20th 65 Put

COIN – (12.44) (436.00 Credit Collected)
Short 1 October 6th 80 Call
Short 1 October 6th 76 Put
Long 2 October 20th 82 Call
Long 2 October 20th 74 Put

JPM – (9.66) (295.00 Credit Collected)
Short 1 October 6th 150 Call
Short 1 October 6th 145 Put
Long 2 October 20th 150 Call
Long 2 October 20th 145 Put

GS – (21.81) (860.00 Credit Collected)
Short 1 October 6th 347.5 Call
Short 1 October 6th 337.5 Put
Long 2 October 20th 350 Call
Long 1 October 20th 335 Put
Long 1 October 20th 330 Put

QQQ – (21.44) (1502.00 Credit Collected)
Short 1 October 2nd 378 Call
Short 1 October 2nd 368 Put
Long 2 October 20th 380 Call
Long 1 October 20th 366 Put
Long 1 October 20th 358 Put

SPY – (16.86) (2105.00 Credit Collected)
Short 1 October 2nd450 Call
Short 1 October 2nd 440 Put
Long 2 October 20th 452 Call
Long 1 October 20th 438 Put

ROKU – (11.50) (1505.00 Credit Collected)
Short 1 October 6th 88 Call
Short 1 October 6th 82 Put
Long 2 October 20th 90 Call
Long 1 October 20th 80 Put

ORCL – (11.73) (1550.00 Credit Collected)
Short 1 October 6th 122 Call
Short 1 October 6th 118 Put
Long 2 October 20th 125 Call
Long 1 October 20th 115 Put

TWLO – (6.96) (442.00 Credit Collected)
Short 1 October 6th 68 Call
Short 1 October 6th 62 Put
Long 2 October 20th 70 Call
Long 1 October 20th 60 Put
Long 1 October 20th 58 Put

GOOGL – (9.98) (575.00 Credit Collected)
Short 1 October 6th 138 Call
Short 1 October 6th 132 Put
Long 2 October 20th 140 Call
Long 2 October 20th 130 Put

AAPL – (7.83) (935.00 Credit Collected)
Short 1 October 6th 180 Call
Short 1 October 6th 175 Put
Long 1 October 20th 180 Call
Long 1 October 20th 175 Put

By Todd "Bubba" Horwitz|2023-10-02T06:35:30-04:00October 2, 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