Saturday Trades Monday Update 11/25/2024 – Bubba Trading

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Saturday Trades Monday Update 11/25/2024

Markets Higher, Decision point is here

Markets are higher this morning, they have been basically flat since they opened last night. They are at the point where they breakout to new highs, or fail.

This is a holiday week and volume is light. Be patient and look for opportunity to sell. We expect some reversion to the mean

Roll SPY, IWM, and QQQ to Tuesday

Futures Options Trades – Open Position

We will update these later this morning

Sell 6 MES Futures – 5987
Buy to open 5 November 29th 595 Call 360

Sell 6 MNQ Futures – 20849
Buy to open 5 November 29th 506 Calls 3.80

Buy 6 MGC Futures – 2712
Buy to open 5 GLD ATM November 29th 250 Puts 1.79

Buy 6 MYM Futures – 44395
Buy to open 5 DIA ATM November 29th Puts 1.90

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)

SLV – (6.58) (50.00 Credit Collected)
Short 1 November 25th 27.5 Call
Short 1 November 25th 27.5 Put
Long 2 March 21st 28 Call
Long 2 March 21st 28 Put

DIA – (14.98) (250.00 Credit Collected)
Short 1 November 29th 438 Call
Short 1 November 29th 432 Put
Long 2 December 20th 440 Call
Long 2 December 20th 430 Put

SPY – (28.77) (1600.00 Credit Collected)
Short 1 November 25th 601 Call
Short 1 November 25th 595 Put
Long 2 December 20th 603 Call
Long 1 December 20th 593 Put
Long 1 December 20th 585 Put

QQQ – (33.41) (1600.00 Credit Collected)
Short 1 November 25th 518 Call
Short 1 November 25th 507 Put
Long 2 December 20th 520 Call
Long 1 December 20th 505 Put
Long 1 December 20th 495 Put

AAPL – (13.71) (750.00 Credit Collected)
Short 1 November 29th 240 Call
Short 1 November 29th 222.5 Put
Long 2 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (2700.00 Credit Collected)
Short 1 November 25th 228 Call
Short 1 November 25th 224 Put
Long 1 December 20th 230 Call
Long 1 December 20th 243 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

By Todd "Bubba" Horwitz|2024-11-25T09:46:47-05:00November 25, 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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