Saturday Trades Monday Update 9/18/2023 – Bubba Trading

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Saturday Trades Monday Update 9/18/2023

The calm before the storm

Markets continue to have any real price action. The slow dull conditions suggest the markets have room to go higher. However, the data and action suggest lower.

Tie all this together, it says be careful and wait for the markets to break one way or the other. We do lean to the downside

There will be more trades this week, new trades are good as written

2023-09-16 Pregame

2023-09-16 Saturday Call Recording

Roll SPY, QQQ, to Tuesday and IWM to Wednesday

ROKU – Buy to close 1 September 22nd 88/82 Strangle/Sell to Open 1 September 29th 88/82 Strangle Credit 1.25

ORCL – Buy to close 1 September 22nd 122/118 Strangle/Sell to Open 1 September 29th 122/118 Strangle Credit 1.00

TWLO – Buy to close 1 September 22nd 68/62 Strangle/Sell to Open 1 September 29th 68/62 Strangle Credit 1.00

GOOGL – Buy to close 1 September 22nd 138/132 Strangle/Sell to Open 1 September 29th 138/132 Strangle Credit 1.50

AAPL – Buy to close 1 September 22nd 180/175 Strangle/Sell to Open 1 September 29th 180/175 Strangle Credit 1.60

Exercise and Assignment

Chat Room Link

New Trades

JPM

GS

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)

QQQ – (21.44) (142.00 Credit Collected)
Short 1 September 18th 378 Call
Short 1 September 18th 368 Put
Long 2 October 20th 380 Call
Long 2 October 20th 366 Put

ROKU – (11.50) (380.00 Credit Collected)
Short 1 September 22nd 88 Call
Short 1 September 22nd 82 Put
Long 2 October 20th 90 Call
Long 1 October 20th 80 Put
Long 1 October 20th 75 Put

ORCL – (11.73) (700.00 Credit Collected)
Short 1 September 22nd 122 Call
Short 1 September 22nd 118 Put
Long 2 October 20th 125 Call
Long 1 October 20th 115 Put
Long 1 October 20th 110 Put

TWLO – (6.96) (188.00 Credit Collected)
Short 1 September 22nd 68 Call
Short 1 September 22nd 62 Put
Long 2 October 20th 70 Call
Long 2 October 20th 60 Put

GOOGL – (9.98) (287.00 Credit Collected)
Short 1 September 22nd 138 Call
Short 1 September 22nd 132 Put
Long 2 October 20th 140 Call
Long 2 October 20th 130 Put

AAPL – (7.83) (520.00 Credit Collected)
Short 1 September 22nd 180 Call
Short 1 September 22nd 175 Put
Long 1 October 20th 180 Call
Long 1 October 20th 175 Put

By Todd "Bubba" Horwitz|2023-09-18T09:27:57-04:00September 18, 2023|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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