Saturday Trades Monday Update 7/22/2024 – Bubba Trading

Are you going to BUBBAPALOOZA 2024? Hurry Limited Seats Available. CLICK HERE for more info.

Saturday Trades Monday Update 7/22/2024

Markets higher look for a level to sell

Markets running higher this morning, we talked Saturday about a rally this week. This is more likely a selling opportunity which will help our rolls.

Roll SPY, QQQ and IWM to Tuesday

New Trades good as written

We will update the SPY/MES and MNQ/QQQ right after the open

If you are still in the SPY/MES trade there is nothing to do. On both you can sell the futures on the open and buy the ATM calls

Ratio Spread using Futures and Options +1550.00 Last week

•Short 6 MES (micro-S+P) Futures 5667
•Long 5 SPY July 19th 561 Call

New Trade using MNQ and QQQ

•Sell 6 MNQ September Futures 19713
•Buy 5 QQQ July 26th 457 Calls 5.59

Bubba

Exercise and Assignment

Chat Room Link

New Trades

AAPL

IWM

MARA

MSFT

TSLA

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)

SPY – (18.80) (1145.00 Credit Collected)
Short 1 July 22nd 557 Call
Short 1 July 22nd 564 Put
Long 2 August 16th 566 Call
Long 1 August 16th 555 Put
Long 1 August 16th 548 Put

QQQ – (24.80) (1145.00 Credit Collected)
Short 1 July 22nd 501 Call
Short 1 July 22nd 492 Put
Long 2 August 16th 505 Call
Long 1 August 16th 490 Put
Long 1 August 16th 475 Put

IWM – (11.80) (845.00 Credit Collected)
Short 1 July 22nd 215 Call
Short 1 July 22nd 211 Put
Long 1 August 16th 217 Call
Long 1 August 16th 227 Call
Long 2 August 16th 209 Put

NUGT – (11.90) (145.00 Credit Collected)
Short 1 July 26th 49 Call
Short 1 July 26th 45 Put
Long 2 August 16th 50 Call
Long 2 August 16th 44 Put

AAPL – (17.43) (345.00 Credit Collected)
Short 1 July 26th 235 Call
Short 1 July 26th 225 Put
Long 2 August 16th 235 Call
Long 2 August 16th 225 Put

SLV – (5.22) (50.00 Credit Collected)
Short 1 July 26th 28 Call
Short 1 July 26th 28 Put
Long 2 November 15th 29 Call
Long 2 November 15th 27 Put

MRNA – (20.12) (780.00 Credit Collected)
Short 1 July 26th 125 Call
Short 1 July 26th 110 Put
Long 1 August 16th 125 Call
Long 1 August 16th 130 Call
Long 2 August 16th 110 Put

CHWY – (7.17) (345.00 Credit Collected)
Short 1 July 26th 27 Call
Short 1 July 26th 26 Put
Long 2 August 16th 27.5 Call
Long 2 August 16th 25 Put

NVDA – (24.77) (1400.00 Credit Collected)
Short 1 July 26th 129 Call
Short 1 July 26th 123 Put
Long 1 August 16th 130 Call
Long 1 August 16th 136 Call
Long 1 August 16th 122 Put
Long 1 August 16th 118 Put

ROKU – (13.10) (545.00 Credit Collected)
Short 1 July 26th 62 Call
Short 1 July 26th 58 Put
Long 2 August 16th 65 Call
Long 2 August 16th 55 Put

GLD – (10.24) (1075.00 Credit Collected)
Short 1 July 24th 215 Call
Short 1 July 24th 215 Put
Long 1 August 16th 220 Call
Long 1 August 16th 225 Call
Long 2 August 16th 210 Put

By Todd "Bubba" Horwitz|2024-07-22T10:27:04-04:00July 22, 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.

Thank you for visiting Bubba Trading. We use cookies to improve your experience during your sojourn, prior & future purchases, and all other interactions herein. Your continued use of the site constitutes your freely-given explicit consent to our company user policies and that you being of sound-mind understand the implications thereof. To find out more, read our privacy policy , general visitor terms of use, and/or the subscriber & customer terms of use. If you wish not to consent to said policies, you must leave the site immediately and are forbidden to return until such time as you opt to freely & explicitly consent to our aforementioned & hyperlinked policies.

Ok