Saturday Trades Monday Update 10/23/2023
Markets under pressure – Look for a rally to sell
Markets are under pressure after opening higher last night. There is a rally coming in the next day or two which we will be selling.
The Dow and Russell are negative for the year, it appears the S+P could join them as well. This has all the makings of a black Christmas. Too much debt, too much inflation too much government.
New Trades good as written.
Rolls
COIN – Buy to close 1 October 27th 76/68 Strangle/ Sell to open 1 November 3rd 76/68 Strangle Credit 4.58
AMD – Buy to close 1 October 27th 108/102 Strangle/ Sell to open 1 November 3rd 108/102 Strangle Credit 4.50
GOOGL – Buy to close 1 October 27th 140/135 Strangle/ Sell to open 1 November 3rd 140/135 Strangle Credit 2.00
AAPL – Buy to close 1 October 27th 180/175 Strangle/ Sell to open 1 November 3rd 180/175 Strangle Credit 3.50
AMZN – Buy to close 1 October 27th 130/125 Strangle/ Sell to open 1 November 3rd 130/125 Strangle Credit 1.77
TSLA – Buy to close 1 October 27th 270/230 Strangle/ Sell to open 1 November 3rd 270/230 Strangle Credit 2.00
We will update NUGT later in the week
New Trades
SPY
![](https://bubbatrading.com/wp-content/uploads/2023/10/2023-10-21-spy-500x164.png)
QQQ
![](https://bubbatrading.com/wp-content/uploads/2023/10/2023-10-21-qqq-500x159.png)
BABA
![](https://bubbatrading.com/wp-content/uploads/2023/10/2023-10-21-baba-500x167.png)
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 – (9.68) (160.00 Credit Collected)
Short 1 October 23rd 172 Call
Short 1 October 23rd 168 Put
Long 2 November 17th 174 Call
Long 2 November 17th 166 Put
COIN – (13.57) (226.00 Credit Collected)
Short 1 October 27th 76 Call
Short 1 October 27th 68 Put
Long 2 November 17th 80 Call
Long 2 November 17th 65 Put
AMD – (15.38) (225.00 Credit Collected)
Short 1 October 27th 108 Call
Short 1 October 27th 102 Put
Long 2 November 17th 110 Call
Long 2 November 17th 100 Put
AMZN – (19.91) (1020.00 Credit Collected)
Short 1 October 27th 130 Call
Short 1 October 27th 125 Put
Long 1 November 17th 130 Call
Long 1 November 17th 135 Call
Long 2 November 17th 125 Put
AAPL – (17.29) (603.00 Credit Collected)
Short 1 October 27th 180 Call
Short 1 October 27th 175 Put
Long 2 November 17th 180 Call
Long 1 November 17th 175 Put
Long 1 November 17th 170 Put
GOOGL – (16.45) (580.00 Credit Collected)
Short 1 October 27th 140 Call
Short 1 October 27th 135 Put
Long 1 November 17th 140 Call
Long 1 November 17th 135 Put
NUGT – (4.78) (635.00 Credit Collected)
Short 1 October 27th 25 Call
Short 1 October 27th 27 Put
Long 1 November 17th 28 Call
Long 1 November 17th 34 Call
Long 1 November 17th 25 Put
Long 1 November 17th 24 Put
TSLA – (17.59) (1420.00 Credit Collected)
Short 1 October 27th 270 Call
Short 1 October 27th 230 Put
Long 1 November 17th 270 Call
Long 1 November 17th 230 Put