Saturday Trades Monday Update 12/16/2024 – Bubba Trading

Saturday Trades Monday Update 12/16/2024

The Pattern Remains the same – Quietly Higher

Markets are in the same malaise, climbing higher in a tight range. This is triple witching week. We could see some action but based on recent history probably not.

New Trades good as written

PLEASE NOTE THE EXPIRATION ON THE QQQ

Roll SPY, IWM, and QQQ to Tuesday

Futures Options Trades – Open Position

Futures Options Trades –

Sell 6 MES March Futures – 6121
Buy to open 5 December 20th 604 Call 2.85

Sell 6 MNQ March Futures – 22046
Buy to open 5 December 20th 530 Calls 4.14

Buy 6 MGC February Futures – 2665
Buy to open 5 GLD December 20th 244 Puts 1.75

Short 6 MYM March Futures – 44317
Buy to open 5 DIA December 20th 440 Calls 2.16

Bubba

Exercise and Assignment

Chat Room Link

New Trades

SPY

IWM

QQQ

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) (200.00 Credit Collected)
Short 1 December 16th 27.5 Call
Short 1 December 16th 27.5 Put
Long 2 March 21st 28 Call
Long 2 March 21st 28 Put

DIA – (14.98) (1500.00 Credit Collected)
Short 1 December 20th 438 Call
Short 1 December 20th 432 Put
Long 1 December 20th 440 Call
Long 1 December 20th 452 Call
Long 2 December 20th 430 Put

SPY – (28.77) (3000.00 Credit Collected)
Short 1 December 16th 601 Call
Short 1 December 16th 595 Put
Long 1 December 20th 603 Call
Long 1 December 20th 609 Call
Long 1 December 20th 593 Put
Long 1 December 20th 585 Put

QQQ – (33.41) (3600.00 Credit Collected)
Short 1 December 16th 518 Call
Short 1 December 16th 507 Put
Long 1 December 20th 520 Call
Long 1 December 20th 533 Call
Long 1 December 20th 505 Put
Long 1 December 20th 495 Put

AAPL – (13.71) (1600.00 Credit Collected)
Short 1 December 20th 240 Call
Short 1 December 20th 222.5 Put
Long 1 December 20th 245 Call
Long 1 December 20th 250 Call
Long 2 December 20th 220 Put

IWM – (26.68) (3450.00 Credit Collected)
Short 1 December 16th 228 Call
Short 1 December 16th 224 Put
Long 1 December 20th 230 Call
Long 1 December 20th 245 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

By Todd "Bubba" Horwitz|2024-12-16T09:00:23-05:00December 16, 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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