Saturday Trades Monday Update 2/5/2024 – Bubba Trading

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Saturday Trades Monday Update 2/5/2024

Markets quietly lower – Look for a rally

Markets quietly lower this morning, they have been quiet all night. With the greed of trader’s and investors in play we can expect another rally.

Based on the rally last Thursday and Friday the selling should be heavier than we see now. Obviously we can’t predict a rally but the probability suggests another move up.

New Trades good as written

Roll SPY, QQQ to Tuesday and IWM to Wednesday

Rolls

BABA – Buy to close 1 February 2nd 75 Straddle/ Sell to open 1 February 9th75 Straddle Credit 2.85

AMD – Buy to close 1 February 9th 185/170 Strangle/ Sell to open 1 February 16th185/170 Strangle Credit 3.07

FSLR – Buy to close 1 February 9th 177.5/167.5 Strangle/ Sell to open 1 February 16th 177.5/167.5 Strangle Credit 3.00

GOOGL – Buy to close 1 February 9th144/136 Strangle/ Sell to open 1 February 16th144/136 Strangle Credit 1.75

ROKU – Buy to close 1 February 9th 94/91 Strangle/ Sell to open 1 February 16th 94/91 Strangle Credit 9.00

BA – Buy to close 1 February 9th 255/235 Strangle/ Sell to open 1 February 16th 255/235 Strangle Credit 1.35

COIN – Buy to close 1 February 9th 167.5/140 Strangle/ Sell to open 1 February 16th 165/140 Strangle Credit 5.00

AAPL – Buy to close 1 February 9th 187.5/182.5 Strangle/ Sell to open 1 February 16th 187.5/182.5 Strangle Credit 1.60

Exercise and Assignment

Chat Room Link

New Trades

IWM

COIN

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)

BABA – (14.15) (540.00 Credit Collected)
Short 1 February 9th 75 Call
Short 1 February 9th 75 Put
Long 2 March 15th 75 Call
Long 1 March 15th 75 Put
Long 1 March 15th 70 Put

AMD – (21.70) (250.00 Credit Collected)
Short 1 February 9th 185 Call
Short 1 February 9th 170 Put
Long 2 March 15th 190 Call
Long 2 March 15th 165 Put

QQQ – (20.36) (1950.00 Credit Collected)
Short 1 February 5th 413 Call
Short 1 February 5th 407 Put
Long 1 February 16th 415 Call
Long 1 February 16th 430 Call
Long 2 February 16th 405 Put

AAPL – (10.15) (1120.00 Credit Collected)
Short 1 February 9th 187.5 Call
Short 1 February 9th182.5 Put
Long 1 February 16th 190 Call
Long 1 February 16th 197.5 Call
Long 2 February 16th 180 Put

IWM – (9.83) (1000.00 Credit Collected)
Short 1 February 5th 196 Call
Short 1 February 5th 190 Put
Long 1 February 16th 198 Call
Long 1 February 16th 200 Call
Long 2 February 16th 188 Put

BA – (21.00) (2981.00 Credit Collected)
Short 1 February 9th 255 Call
Short 1 February 9th 235 Put
Long 2 February 16th 255 Call
Long 1 February 16th 235 Put
Long 1 February 16th 200 Put

SPY – (20.78) (2150.00 Credit Collected)
Short 1 February 5th 471 Call
Short 1 February 5th 463 Put
Long 1 February 16th 473 Call
Long 1 February 16th 490 Call
Long 2 February 16th 461 Put

COIN – (15.28) (1180.00 Credit Collected)
Short 1 February 9th 167.5 Call
Short 1 February 9th 140 Put
Long 1 February 16th 170 Call
Long 1 February 16th 140 Put

ROKU – (26.52) (1410.00 Credit Collected)
Short 1 February 9th 94 Call
Short 1 February 9th 91 Put
Long 2 February 16th 95 Call
Long 1 February 16th 90 Put
Long 1 February 16th 80 Put

GOOGL – (13.84) (1600.00 Credit Collected)
Short 1 February 9th 144 Call
Short 1 February 9th 136 Put
Long 1 February 16th 145 Call
Long 1 February 16th 155 Call
Long 2 February 16th 135 Put

FSLR – (12.34) (900.00 Credit Collected)
Short 1 February 9th 177.5 Call
Short 1 February 9th 167.5 Put
Long 1 February 16th 180 Call
Long 1 February 16th 165 Put

By Todd "Bubba" Horwitz|2024-02-05T10:22:35-05:00February 5, 2024|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.

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