Saturday Trades Monday Update 11/6/2023
Markets higher this morning – Look for a level to sell
Markets are higher once again this morning, we are looking for a level to sell. We are looking for mean reversion. The trends appear to be reversing to the upside but the extent of the rally should see a pullback.
No matter what the markets are going to do the rest of the year, there should be a pullback if the rally is going to continue. The higher open is a negative, we won’t fight it but will try and take advantage.
Roll SPY, QQQ, to Tuesday and IWM to Wednesday
New Trades good as written
Rolls
MRNA – Buy to close 1 November 10th 74/71 Strangle/ Sell to open 1 November 17th 74/71 Strangle Credit 2.00
BIIB – Buy to close 1 November 10th 240/230 Strangle/ Sell to open 1 November 17th 240/230 Strangle Credit 3.50
BABA – Buy to close 1 November 10th 80 Straddle/Sell to open 1 November 17th 80 Straddle Credit 1.50
COIN – Buy to close 1 November 10th 76/68 Strangle/ Sell to open 1 November 17th 76/68 Strangle Credit 1.58
AMD – Buy to close 1 November 10th 108/102 Strangle/ Sell to open 1 November 17th 108/102 Strangle Credit 1.52
GOOGL – Buy to close 1 November 10th 140/135 Strangle/ Sell to open 1 November 17th 140/135 Strangle Credit 1.50
AAPL – Buy to close 1 November 10th 180/175 Strangle/ Sell to open 1 November 17th 180/175 Strangle Credit 1.50
AMZN – Buy to close 1 November 10th 130/125 Strangle/ Sell to open 1 November 17th 130/125 Strangle Credit 2.00
TSLA – Buy to close 1 November 10th 270/230 Strangle/ Sell to open 1 November 17th 270/230 Strangle Credit 2.50
New Trades
MARA
MRVL
TWLO
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)
MRNA – (14.80) (700.00 Credit Collected)
Short 1 November 10th 74 Call
Short 1 November 10th 71 Put
Long 1 December 15th 75 Call
Long 1 December 15th 80 Call
Long 1 December 15th 70 Put
Long 1 December 15th 65 Put
BIIB – (18.45) (1800.00 Credit Collected)
Short 1 November 10th 240 Call
Short 1 November 10th 230 Put
Long 1 November 17th 240 Call
Long 2 November 17th 227.5 Put
SPY – (23.10) (2460.00 Credit Collected)
Short 1 November 6th 424 Call
Short 1 November 6th 418 Put
Long 1 November 17th 426 Call
Long 1 November 17th 416 Put
Long 1 November 17th 410 Put
QQQ – (23.28) (2250.00 Credit Collected)
Short 1 November 6th 359 Call
Short 1 November 6th 350 Put
Long 1 November 17th 361 Call
Long 1 November 17th 370 Call
Long 1 November 17th 348 Put
Long 1 November 17th 343 Put
BABA – (10.54) (525.00 Credit Collected)
Short 1 November 10th 80 Call
Short 1 November 10th 80 Put
Long 1 November 17th 80 Call
Long 1 November 17th 84 Call
Long 2 November 17th 80 Put
IWM – (9.68) (1100.00 Credit Collected)
Short 1 November 6th 172 Call
Short 1 November 6th 168 Put
Long 2 November 17th 176 Call
Long 1 November 17th 166 Put
Long 1 November 17th 161 Put
COIN – (13.57) (1226.00 Credit Collected)
Short 1 November 10th 76 Call
Short 1 November 10th 68 Put
Long 1 November 17th 80 Call
Long 1 November 17th 87 Call
Long 2 November 17th 65 Put
AMD – (15.38) (1150.00 Credit Collected)
Short 1 November 10th 108 Call
Short 1 November 10th 102 Put
Long 2 November 17th 110 Call
Long 1 November 17th 100 Put
Long 1 November 17th 95 Put
AMZN – (19.91) (1882.00 Credit Collected)
Short 1 November 10th 130 Call
Short 1 November 10th 125 Put
Long 1 November 17th 130 Call
Long 1 November 17th 139 Call
Long 1 November 17th 125 Put
Long 1 November 17th 120 Put
AAPL – (17.29) (1403.00 Credit Collected)
Short 1 November 10th 180 Call
Short 1 November 10th 175 Put
Long 2 November 17th 180 Call
Long 1 November 17th 175 Put
Long 1 November 17th 165 Put
GOOGL – (16.45) (2040.00 Credit Collected)
Short 1 November 10th 140 Call
Short 1 November 10th 135 Put
Long 2 November 17th 140 Call
Long 1 November 17th 135 Put
NUGT – (4.78) (703.00 Credit Collected)
Short 1 November 10th 25 Call
Short 1 November 10th 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) (1876.00 Credit Collected)
Short 1 November 10th 270 Call
Short 1 November 10th 230 Put
Long 1 November 17th 270 Call
Long 1 November 17th 230 Put
