Saturday Trades Monday Update 7/8/2024
Markets Flat
Markets had a very quiet overnight trade and are flat this morning. Although we expect some mean reversion, there is no reason to believe the bull market is over.
Work the rolls 10% above the midpoint
Work to sell the extra options that expire on the 19th to lock in a profit, everyone’s will be a little different
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 5621
•Long 5 SPY July 12th 554 Call
Bubba
Exercise and Assignment
Chat Room Link
New Trades
CVX
MRNA
SQ
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)
CHWY – (7.17) (105.00 Credit Collected)
Short 1 July 12th 27 Call
Short 1 July 12th 26 Put
Long 2 August 16th 27.5 Call
Long 2 August 16th 25 Put
NVDA – (24.77) (475.00 Credit Collected)
Short 1 July 12th 129 Call
Short 1 July 12th 123 Put
Long 2 August 16th 130 Call
Long 1 August 16th 122 Put
Long 1 August 16th 120 Put
ROKU – (13.10) (245.00 Credit Collected)
Short 1 July 12th 62 Call
Short 1 July 12th 58 Put
Long 2 August 16th 65 Call
Long 2 August 16th 55 Put
IWM – (8.36) (354.00 Credit Collected)
Short 1 July 8th 202 Call
Short 1 July 8th 198 Put
Long 2 July 19th 204 Call
Long 2 July 19th 196 Put
JPM – (10.28) (700.00 Credit Collected)
Short 1 July 12th 200 Call
Short 1 July 12th 190 Put
Long 1 July 19th 200 Call
Long 1 July 19th 210 Call
Long 2 July 19th 190 Put
GLD – (10.24) (645.00 Credit Collected)
Short 1 July 10th 215 Call
Short 1 July 10th 215 Put
Long 1 August 16th 220 Call
Long 1 August 16th 222 Call
Long 2 August 16th 210 Put
SPY – (20.22) (1390.00 Credit Collected)
Short 1 July 8th 546 Call
Short 1 July 8th 536 Put
Long 1 July 19th 548 Call
Long 1 July 19th 555 Call
Long 2 July 19th 534 Put
QQQ – (20.22) (1690.00 Credit Collected)
Short 1 July 8th 482 Call
Short 1 July 8th 472 Put
Long 1 July 19th 485 Call
Long 1 July 19th 496 Call
Long 2 July 19th 470 Put
NUGT – (7.25) (700.00 Credit Collected)
Short 1 July 12th 37 Call
Short 1 July 12th 35 Put
Long 1 July 19th 37 Call
Long 1 July 19th 43 Call
Long 2 July 19th 35 Put
AAPL – (10.10) (925.00 Credit Collected)
Short 1 July 12th 215 Call
Short 1 July 12th 210 Put
Long 1 July 19th 220 Call
Long 1 July 19th 227.5 Call
Long 2 July 19th 210 Put
RIOT – (3.05) (300.00 Credit Collected)
Short 1 July 12th 10.5 Call
Short 1 July 12th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put
MARA – (8.21) (640.00 Credit Collected)
Short 1 July 12th 22 Call
Short 1 July 12th 20 Put
Long 2 July 19th 23 Call
Long 1 July 19th 19 Put
Long 1 July 19th 18 Put
