Saturday Trades Thursday Update 7/27/2023
FED Does as Expected, META Explodes Higher
Wednesday the FED did as expected and hiked .25 bps. Market reaction was muted and indicate they are going higher. META reported on Wednesday and rallied 10% overnight.
There is no reason to believe the markets are going anywhere but higher.
Roll SPY, QQQ to Friday.
Most rolls have filled, we have a NEW DIA trade to replace the one that has not filled.
RIVN – Buy to close 1 July 28th 26.5/21.5 Strangle/Sell to Open 1 August 4th 26.5/21.5 Strangle Credit .60
ROKU – Buy to close 1 July 28th 78/71 Strangle/Sell to Open 1 August 4th 78/71 Strangle Credit 2.50
GS – Buy to close 1 July 28th 335/315 Strangle/Sell to Open 1 August 4th 335/315 Strangle Credit 2.80
AMZN – Buy to close 1 July 28th 134/126 Strangle/Sell to Open 1 August 4th 134/126 Strangle Credit 5.20
AAPL – Buy to close 1 July 28th 190/182.5 Strangle/Sell to Open 1 August 4th 190/182.5 Strangle Credit 3.52
GOOGL – Buy to close 1 July 28th 124/117 Strangle/Sell to Open 1 August 4th 124/117 Strangle Credit 2.00
ZM – Buy to close 1 July 28th 70/65 Strangle/Sell to Open 1 August 4th 70/65 Strangle Credit 1.28
New Trades
DIA
AMD
BABA
SQ
RIOT
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)
COIN – (9.32) (632.00 Credit Collected)
Short 1 August 4th 109 Call
Short 1 August 4th 91 Put
Long 1 August 18th 110 Call
Long 1 August 18th 90 Put
RIVN – (4.21) (80.00 Credit Collected)
Short 1 July 28th 26.5 Call
Short 1 July 28th 21.5 Put
Long 2 August 18th 27.5 Call
Long 2 August 18th 20 Put
ROKU – (15.26) (555.00 Credit Collected)
Short 1 July 28th 78 Call
Short 1 July 28th 71 Put
Long 2 August 18th 80 Call
Long 2 August 18th 70 Put
GS – (16.91) (1680.00 Credit Collected)
Short 1 July 28th 335 Call
Short 1 July 28th 315 Put
Long 1 August 18th 335 Call
Long 1 August 18th 355 Call
Long 2 August 18th 315 Put
QQQ – (26.06) (1470.00 Credit Collected)
Short 1 July 24th 370 Call
Short 1 July 24th 362 Put
Long 1 August 18th 372 Call
Long 1 August 18th 383 Call
Long 2 August 18th 360 Put
SPY – (19.98) (1080.00 Credit Collected)
Short 1 July 24th 442 Call
Short 1 July 24th 434 Put
Long 1 August 18th 444 Call
Long 1 August 18th 452 Call
Long 2 August 18th 432 Put
IWM – (9.34) (560.00 Credit Collected)
Short 1 July 24th 188 Call
Short 1 July 24th 182 Put
Long 1 August 18th 190 Call
Long 1 August 18th 194 Call
Long 2 August 18th 180 Put
GOOGL – (10.33) (810.00 Credit Collected)
Short 1 July 28th 124 Call
Short 1 July 28th 117 Put
Long 1 August 18th 125 Call
Long 1 August 18th 127 Call
Long 1 August 18th 117 Put
Long 1 August 18th 115 Put
AMZN – (15.19) (461.00 Credit Collected)
Short 1 July 28th 134 Call
Short 1 July 28th 126 Put
Long 2 August 18th 135 Call
Long 2 August 18th 125 Put
ZM – (11.99) (454.00 Credit Collected)
Short 1 July 28th 70 Call
Short 1 July 28th 65 Put
Long 1 August 18th 70 Call
Long 1 August 18th 65 Put
AAPL – (11.99) (557.00 Credit Collected)
Short 1 July 28th 190 Call
Short 1 July 28th 182.5 Put
Long 2 August 18th 195 Call
Long 2 August 18th 180 Put
