Saturday Trades Monday Update 7/1/2024 – Bubba Trading

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Saturday Trades Monday Update 7/1/2024

Markets Higher but well off the overnight highs

Markets are higher this morning but well off the overnight highs. This week figures to be slow with the July 4th holiday on Thursday. We are set up well and ready for anything

New Trades good as written

Roll SPY, QQQ and IWM to Tuesday

Ratio Spread using Futures and Options

•Short 6 MES (micro-S+P) Futures 5521.5
•Long 5 SPY July 544 Calls 3.35

Bubba

Exercise and Assignment

Chat Room Link

New Trades

CHWY

NVDA

ROKU

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)

IWM – (8.36) (165.00 Credit Collected)
Short 1 June 27th 202 Call
Short 1 June 27th 198 Put
Long 2 July 19th 204 Call
Long 2 July 19th 196 Put

JPM – (10.28) (225.00 Credit Collected)
Short 1 July 5th 200 Call
Short 1 July 5th 190 Put
Long 1 July 19th 200 Call
Long 1 July 19th 202.5 Call
Long 2 July 19th 190 Put

GLD – (10.24) (245.00 Credit Collected)
Short 1 June 28th 215 Call
Short 1 June 28th 215 Put
Long 2 August 16th 220 Call
Long 2 August 16th 210 Put

SPY – (20.22) (790.00 Credit Collected)
Short 1 July 1st 546 Call
Short 1 July 1st 536 Put
Long 1 July 19th 548 Call
Long 1 July 19th 550 Call
Long 2 July 19th 534 Put

QQQ – (20.22) (890.00 Credit Collected)
Short 1 June 27th 482 Call
Short 1 June 27th 472 Put
Long 1 July 19th 485 Call
Long 1 July 19th 487 Call
Long 2 July 19th 470 Put

NUGT – (7.25) (350.00 Credit Collected)
Short 1 July 5th 37 Call
Short 1 July 5thh 35 Put
Long 1 July 19th 37 Call
Long 1 July 19th 40 Call
Long 2 July 19th 35 Put

AAPL – (10.10) (425.00 Credit Collected)
Short 1 July 5th 215 Call
Short 1 July 5th 210 Put
Long 2 July 19th 220 Call
Long 2 July 19th 210 Put

RIOT – (3.05) (250.00 Credit Collected)
Short 1 July 5th 10.5 Call
Short 1 July 5th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put

MARA – (8.21) (540.00 Credit Collected)
Short 1 July 5th 22 Call
Short 1 July 5th 20 Put
Long 2 July 19th 23 Call
Long 1 July 19th 19 Put
Long 1 July 19th 18 Put

By Todd "Bubba" Horwitz|2024-07-01T10:26:05-04:00July 1, 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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