Saturday Trades Thursday Update 1/16/2025 – Bubba Trading

Saturday Trades Thursday Update 1/16/2025

Markets Explode higher

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Markets exploded higher on Wednesday and are higher again this morning. If we rally today we will start to look for opportunity to sell.

The rally helped our rolls and made our Futures/Options trades big winners. All three of the futures/options trades should be partially closed, we have the Puts left in GLD, QQQ, SPY unless you sold them already.

Roll SPY, both IWM, and QQQ to Friday

NEW TRADES Futures/Options – Some of us put the trades on to the short side yesterday, if the rally continues we will put them on officially today. I will update later this morning

You can close the Gold Futures and lock in a total profit if you choose. I will hold but money is money

Buy 6 MES Futures 5828 – Future should be closed with a 4K profit
Buy 5 ATM Jan 17 SPY Puts 577 Puts 5.00

Buy 6 MNQ Futures 20790 – Future should be closed with a 4K profit

Buy 5 ATM Jan 17QQQ 502 Puts 5.80

Buy 6 MGC Futures 2690 – Future should be closed with Profit
Buy 5 ATM Jan 17 GLD247 Puts 1.70

Bubba

Exercise and Assignment

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New Trades

BA

AMZN

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)

IWM – (18.02) (100.00 Credit Collected)
Short 1 January 13th 221 Call
Short 1 January 13th 217 Put
Long 2 February 21st 223 Call
Long 2 February 21st 215 Put

JPM – (21.25) (600.00 Credit Collected)
Short 1 January 17th 247.5 Call
Short 1 January 17th 242.5 Put
Long 2 February 21st 250 Call
Long 2 February 21st 240 Put

IWM – (14.31) (1700.00 Credit Collected)
Short 1 January 13th 236 Call
Short 1 January 13th 231 Put
Long 2 January 17th 238 Call
Long 1 January 17th 229 Put

SPY- (2030.00) (2300.00 Credit Collected)
Short 1 January 13th 609 Call
Short 1 January 13th 600 Put
Long 2 January 24th 611 Call
Long 1 January 24th 600 Put

QQQ- (29.62) (3200.00 Credit Collected)
Short 1 January 13th 542 Call
Short 1 January 13th 530 Put
Long 2 January 24th 544 Call
Long 1 January 24th 528 Put

SLV – (6.58) (550.00 Credit Collected)
Short 1 January 13th 27.5 Call
Short 1 January 13th 27.5 Put
Long 2 March 21st 28 Call
Long 1 March 21st 28 Put
Long 1 March 21st 27 Put

By Todd "Bubba" Horwitz|2025-01-16T08:58:39-05:00January 16, 2025|BAD, Sunday Night Options|0 Comments

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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