Saturday Trades Monday Update 10/30/2023 – 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 10/30/2023

Markets higher – Look for a bigger rally to sell

Once again this morning markets are higher, we will wait for a bigger rally to sell. The odds favor a rally bigger than we are seeing now.

The dead cat bounce we are looking for should have more energy than we are seeing this morning. The trend is lower, we are looking to sell a rally but will use patience to sell higher

Roll SPY, QQQ to Tuesday and IWM to Wednesday.

Cancel DIA trade

Rolls

BABA – Buy to close 1 November 3rd 80 Straddle/Sell to open 1 November 10th 80 Straddle Credit 1.50

COIN – Buy to close 1 November 3rd 76/68 Strangle/ Sell to open 1 November 10th 76/68 Strangle Credit 4.58

AMD – Buy to close 1 November 3rd 108/102 Strangle/ Sell to open 1 November 10th 108/102 Strangle Credit 2.52

GOOGL – Buy to close 1 November 3rd 140/135 Strangle/ Sell to open 1 November 10th 140/135 Strangle Credit 1.50

AAPL – Buy to close 1 November 3rd 180/175 Strangle/ Sell to open 1 November 10th 180/175 Strangle Credit 1.50

AMZN – Buy to close 1 November 3rd 130/125 Strangle/ Sell to open 1 November 10th 130/125 Strangle Credit 2.00

TSLA – Buy to close 1 November 3rd 270/230 Strangle/ Sell to open 1 November 10th 270/230 Strangle Credit 2.00

Exercise and Assignment

Chat Room Link

New Trades

AMC

BIIB

MRNA

DIA

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)

SPY – (23.10) (740.00 Credit Collected)
Short 1 October 30th 424 Call
Short 1 October 30th 418 Put
Long 2 November 17th 426 Call
Long 1 November 17th 416 Put
Long 1 November 17th 410 Put

QQQ – (23.28) (800.00 Credit Collected)
Short 1 October 30th 359 Call
Short 1 October 30th 350 Put
Long 2 November 17th 361 Call
Long 1 November 17th 348 Put
Long 1 November 17th 343 Put

BABA – (10.54) (325.00 Credit Collected)
Short 1 November 3rd 80 Call
Short 1 November 3rd 80 Put
Long 1 November 17th 80 Call
Long 1 November 17th 83 Call
Long 2 November 17th 80 Put

IWM – (9.68) (700.00 Credit Collected)
Short 1 October 30th 172 Call
Short 1 October 30th 168 Put
Long 2 November 17th 174 Call
Long 1 November 17th 166 Put
Long 1 November 17th 161 Put

COIN – (13.57) (1076.00 Credit Collected)
Short 1 November 3rd 76 Call
Short 1 November 3rd 68 Put
Long 1 November 17th 80 Call
Long 1 November 17th 87 Call
Long 2 November 17th 65 Put

AMD – (15.38) (950.00 Credit Collected)
Short 1 November 3rd 108 Call
Short 1 November 3rd 102 Put
Long 2 November 17th 110 Call
Long 1 November 17th 100 Put
Long 1 November 17th 95 Put

AMZN – (19.91) (1482.00 Credit Collected)
Short 1 November 3rd 130 Call
Short 1 November 3rd 125 Put
Long 1 November 17th 130 Call
Long 1 November 17th 135 Call
Long 1 November 17th 125 Put
Long 1 November 17th 120 Put

AAPL – (17.29) (1203.00 Credit Collected)
Short 1 November 3rd 180 Call
Short 1 November 3rd 175 Put
Long 2 November 17th 180 Call
Long 1 November 17th 175 Put
Long 1 November 17th 165 Put

GOOGL – (16.45) (1940.00 Credit Collected)
Short 1 November 3rd 140 Call
Short 1 November 3rd 135 Put
Long 2 November 17th 140 Call
Long 1 November 17th 135 Put

NUGT – (4.78) (663.00 Credit Collected)
Short 1 November 3rd 25 Call
Short 1 November 3rd 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) (1626.00 Credit Collected)
Short 1 November 3rd 270 Call
Short 1 November 3rd 230 Put
Long 1 November 17th 270 Call
Long 1 November 17th 230 Put

By Todd "Bubba" Horwitz|2023-10-30T10:17:33-04:00October 30, 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