Saturday Trades Monday Update 10/21/2024 – Bubba Trading

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Saturday Trades Monday Update 10/21/2024

Markets quiet and lower

Markets opened higher last night and have turned lower this morning. It’s too quiet to become overly active. We have no new trades yet this week but have many open already.

I will be sending new trades during the week

Roll New SPY, QQQ, and IWM to Tuesday

Remember, if the selling gets having and you can lock in a profit for the total trade, you have the choice to close the Futures side.

Sell 6 MES Futures – 5865
Buy to open 5 October 25th 585 3.30

Sell 6 MNQ Futures – 20475
Buy to open 5 October 25th 495 4.00

Bubba

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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)

IWM – (26.68) (150.00 Credit Collected)
Short 1 October 21st 228 Call
Short 1 October 21st 224 Put
Long 2 December 20th 230 Call
Long 2 December 20th 222 Put

QQQ – (27.07) (150.00 Credit Collected)
Short 1 October 21st 500 Call
Short 1 October 21st 490 Put
Long 2 November 15th 505 Call
Long 2 November 15th 585 Put

SPY – (29.03) (250.00 Credit Collected)
Short 1 October 21st 585 Call
Short 1 October 21st 575 Put
Long 2 November 15th 587 Call
Long 2 November 15th 573 Put

SMCI- (10.35) (200.00 Credit Collected)
Short 1 October 25th 50 Call
Short 1 October 25th 44 Put
Long 2 November 15th 52 Call
Long 2 November 15th 42 Put

JPM- (18.06) (900.00 Credit Collected)
Short 1 October 25th 215 Call
Short 1 October 25th 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 225 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (800.00 Credit Collected)
Short 1 October 25th 170 Call
Short 1 October 25th 162.5 Put
Long 2 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (1000.00 Credit Collected)
Short 1 October 25th 192.5 Call
Short 1 October 25th 185 Put
Long 2 November 15th 195 Call
Long 2 November 15th 185 Put

SLV – (5.22) (800.00 Credit Collected)
Short 1 October 21st 28 Call
Short 1 October 21st 28 Put
Long 1 November 15th 29 Call
Long 1 November 15th 31 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-10-21T09:18:45-04:00October 21, 2024|BAD, Sunday Night Options|0 Comments

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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