Saturday Trades Thursday Update 1/11/2024 – Bubba Trading

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Saturday Trades Thursday Update 1/11/2024

Markets continue higher

Markets continue to rally, last weeks sell off is a distant memory. There is a lot of news today and tomorrow which could push markets even higher.

The rally may not make sense but that doesn’t matter, the facts are they are going up. We won’t fight we will participate. This may be a Ripley’s believe it or not, believe it.

Roll QQQ and SPY to Friday.

BA filled on Wednesday, all new trades have filled

Move all rolls to midpoint, try to get filled today on the rolls that have decent value.

Rolls

FSLR – Buy to close 1 January 12th 177.5/167.5 Strangle/ Sell to open 1 January 19th 177.5/167.5 Strangle Credit 4.00

GOOGL – Buy to close 1 January 12th 144/136 Strangle/ Sell to open 1 January 19th 144/136 Strangle Credit 1.75

ROKU – Buy to close 1 January 12th 94/91 Strangle/ Sell to open 1 January 19th 94/91 Strangle Credit 1.75

GS – Buy to close 1 January 12th 355/345 Strangle/ Sell to open 1 January 19th 355/345 Strangle Credit 1.00

JPM – Buy to close 1 January 12th 160/155 Strangle/ Sell to open 1 January 19th 160/155 Strangle Credit 1.00

CHWY – Buy to close 1 January 12th 18 Straddle/ Sell to open 1 January 19th 18 Straddle Credit .50

TSLA – Buy to close 1 January 12th 255/225 Strangle/ Sell to open 1 January 19th 255/225 Strangle Credit 3.00

MU – Buy to close 1 January 12th 76 Straddle/ Sell to open 1 January 19th 76 Straddle Credit .50

NVDA – Buy to close 1 January 12th 500/450 Strangle/ Sell to open 1 January 19th 500/450 Strangle Credit 4.50

AAPL – Buy to close 1 January 12th 192.5/187.5 Strangle/ Sell to open 1 January 19th 192.5/187.5 Strangle Credit 1.50

AMZN – Buy to close 1 January 12th 149/145 Strangle/ Sell to open 1 January 19th 149/145 Strangle Credit 1.50

Exercise and Assignment

Chat Room Link

New Trades

SPY

COIN

BA

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)

ROKU – (26.52) (475.00 Credit Collected)
Short 1 January 12th 94 Call
Short 1 January 12th 91 Put
Long 2 February 16th 95 Call
Long 1 February 16th 90 Put
Long 1 February 16th 85 Put

GOOGL – (13.84) (150.00 Credit Collected)
Short 1 January 12th 144 Call
Short 1 January 12th 136 Put
Long 2 February 16th 145 Call
Long 2 February 16th 135 Put

FSLR – (12.34) (400.00 Credit Collected)
Short 1 January 12th 177.5 Call
Short 1 January 12th 167.5 Put
Long 1 February 16th 180 Call
Long 1 February 16th 165 Put

QQQ – (17.36) (1200.00 Credit Collected)
Short 1 January 5th 410.78 Call
Short 1 January 5th 404.78 Put
Long 2 January 19th 413 Call
Long 1 January 19th 403 Put
Long 1 January 19th 395 Put

IWM – (8.75) (700.00 Credit Collected)
Short 1 January 5th 200 Call
Short 1 January 5th 194 Put
Long 1 January 19th 202 Call
Long 1 January 19th 205 Call
Long 2 January 19th 192 Put

GS – (12.04) (280.00 Credit Collected)
Short 1 January 12th 355 Call
Short 1 January 12th 345 Put
Long 1 January 19th 355 Call
Long 1 January 19th 345 Put

JPM – (4.50) (300.00 Credit Collected)
Short 1 January 12th 172.5 Call
Short 1 January 12th 155 Put
Long 1 January 19th 175 Call
Long 1 January 19th 155 Put

TSLA – (15.70) (1600.00 Credit Collected)
Short 1 January 12th 255 Call
Short 1 January 12th 225 Put
Long 1 January 19th 255 Call
Long 1 January 19th 225 Put

CHWY – (5.41) (620.00 Credit Collected)
Short 1 January 12th 18 Call
Short 1 January 12th 18 Put
Long 1 January 19th 17.5 Call
Long 1 January 19th 25 Call
Long 2 January 19th 17.5 Put

MU – (9.57) (950.00 Credit Collected)
Short 1 January 12th 76 Call
Short 1 January 12th 76 Put
Long 1 January 19th 77.5 Call
Long 1 January 19th 88 Call
Long 2 January 19th 75 Put

AMZN – (15.27) (1150.00 Credit Collected)
Short 1 January 12th 149 Call
Short 1 January 12th 145 Put
Long 1 January 19th 150 Call
Long 1 January 19th 155 Call
Long 1 January 19th 145 Put
Long 1 January 19th 144 Put

NVDA – (10.14) (2676.00 Credit Collected)
Short 1 January 12th 500 Call
Short 1 January 12th 450 Put
Long 1 January 19th 510 Call
Long 1 January 19th 440 Put

AAPL – (10.14) (1450.00 Credit Collected)
Short 1 January 5th 192.5 Call
Short 1 January 5th 187.5 Put
Long 1 January 19th 195 Call
Long 1 January 19th 200 Call
Long 1 January 19th 185 Put
Long 1 January 19th 180 Put

By Todd "Bubba" Horwitz|2024-01-11T09:09:50-05:00January 11, 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.

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