Saturday Trades and Recording 8/19/2023 – Bubba Trading

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Saturday Trades and Recording 8/19/2023

Markets under pressure

Markets are under pressure and could be ready for a big fall. However, this is the slowest time of the year and no time to be too aggressive with selling.

Let the market footprint guide you. Meanwhile we are positioned for a big move in any direction. PATIENCE

2023-08-19 Pregame

2023-08-19 Saturday Call Recording

Exercise and Assignment

Chat Room Link

New Trades

GME

NVDA

HD

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)

TSLA – (11.44) (403.00 Credit Collected)
Short 1 August 25th 252.5 Call
Short 1 August 25th 232.5 Put
Long 1 September 15th 255 Call
Long 1 September 15th 230 Put

COIN – (7.47) (290.00 Credit Collected)
Short 1 August 25th 85 Call
Short 1 August 25th 75 Put
Long 1 September 15th 85 Call
Long 1 September 15th 75 Put

GLD – (6.35) (321.00 Credit Collected)
Short 1 August 18th 181 Call
Short 1 August 18th 179 Put
Long 2 September 15th 182 Call
Long 1 September 15th 178 Put
Long 1 September 15th 175 Put

IWM – (12.10) (720.00 Credit Collected)
Short 1 August 21st 196 Call
Short 1 August 21st 192 Put
Long 2 September 15th 198 Call
Long 1 September 15th 190 Put
Long 1 September 15th 183 Put

QQQ – (24.64) (880.00 Credit Collected)
Short 1 August 21st 378 Call
Short 1 August 21st 366 Put
Long 2 September 15th 380 Call
Long 1 September 15th 364 Put
Long 1 September 15th 354 Put

SPY – (21.25) (900.00 Credit Collected)
Short 1 August 21st 451 Call
Short 1 August 21st 443 Put
Long 2 September 15th 454 Call
Long 1 September 15th 441 Put
Long 1 September 15th 433 Put

RIOT – (5.18) (447.00 Credit Collected)
Short 1 August 25th 20 Call
Short 1 August 25th 17 Put
Long 2 September 15th 21 Call
Long 1 September 15th 16 Put
Long 1 September 15th 11 Put

ZM – (15.15) (912.00 Credit Collected)
Short 1 August 25th 74 Call
Short 1 August 25th 71 Put
Long 2 September 15th 75 Call
Long 1 September 15th 70 Put
Long 1 September 15th 64 Put

DIA – (11.19) (709.00 Credit Collected)
Short 1 August 25th 359 Call
Short 1 August 25th 351 Put
Long 2 September 15th 361 Call
Long 1 September 15th 349 Put
Long 1 September 15th 345 Put

By Todd "Bubba" Horwitz|2023-08-20T14:06:26-04:00August 20, 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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