Saturday Trades Thursday Update 1/18/2024 – Bubba Trading

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Saturday Trades Thursday Update 1/18/2024

Markets higher, volume has increased

Although the markets are still in consolidation the action appears to be picking up. This morning we are seeing a rally which will probably fail.

There is news today including the Philadelphia Fed. Add to that a few Fed presidents speaking today we could see some action. Based on recent statements it looks like rate cuts are off the table for now.

Roll SPY, QQQ, to Friday

Rolls

FSLR – Buy to close 1 January 19th 177.5/167.5 Strangle/ Sell to open 1 January 26th 177.5/167.5 Strangle Credit 3.00

GOOGL – Buy to close 1 January 19th 144/136 Strangle/ Sell to open 1 January 26th 144/136 Strangle Credit 1.75

ROKU – Buy to close 1 January 19th 94/91 Strangle/ Sell to open 1 January 26th 94/91 Strangle Credit 1.75

BA – Buy to close 1 January 19th 255/235 Strangle/ Sell to open 1 January 26th 255/235 Strangle Credit 1.75

COIN – Buy to close 1 January 19th 167.5/140 Strangle/ Sell to open 1 January 26th 167.5/140 Strangle Credit 4.00

Exercise and Assignment

Chat Room Link

New Trades

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 – (20.36) (300.00 Credit Collected)
Short 1 January 19th 413 Call
Short 1 January 19th 407 Put
Long 2 February 16th 415 Call
Long 2 February 16th 405 Put

AAPL – (10.15) (Credit Collected)
Short 1 January 19th 187.5 Call
Short 1 January 19th 182.5 Put
Long 2 February 16th 190 Call
Long 2 February 16th 180 Put

IWM – (9.83) (100.00.00 Credit Collected)
Short 1 January 19th 196 Call
Short 1 January 19th 190 Put
Long 2 February 16th 198 Call
Long 2 February 16th 188 Put

BA – (21.00) (710.00 Credit Collected)
Short 1 January 19th 255 Call
Short 1 January 19th 235 Put
Long 2 February 16th 255 Call
Long 1 February 16th 235 Put
Long 1 February 16th 225 Put

SPY – (20.78) (700.00 Credit Collected)
Short 1 January 16th 471 Call
Short 1 January 16th 463 Put
Long 1 February 16th 473 Call
Long 1 February 16th 478 Call
Long 2 February 16th 461 Put

COIN – (15.28) (440.00 Credit Collected)
Short 1 January 19th 167.5 Call
Short 1 January 19th 140 Put
Long 1 February 16th 170 Call
Long 1 February 16th 140 Put

ROKU – (26.52) (650.00 Credit Collected)
Short 1 January 19th 94 Call
Short 1 January 19th 91 Put
Long 2 February 16th 95 Call
Long 1 February 16th 90 Put
Long 1 February 16th 85 Put

GOOGL – (13.84) (325.00 Credit Collected)
Short 1 January 19th 144 Call
Short 1 January 19th 136 Put
Long 2 February 16th 145 Call
Long 2 February 16th 135 Put

FSLR – (12.34) (600.00 Credit Collected)
Short 1 January 19th 177.5 Call
Short 1 January 19th 167.5 Put
Long 1 February 16th 180 Call
Long 1 February 16th 165 Put

QQQ – (17.36) (1700.00 Credit Collected)
Short 1 January 16th 410.78 Call
Short 1 January 16th 404.78 Put
Long 2 January 19th 413 Call
Long 1 January 19th 403 Put
Long 1 January 19th 395 Put

IWM – (8.75) (1000.00 Credit Collected)
Short 1 January 16th 200 Call
Short 1 January 16th 194 Put
Long 1 January 19th 202 Call
Long 1 January 19th 205 Call
Long 2 January 19th 192 Put

JPM – (4.50) (500.00 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

CHWY – (5.41) (720.00 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) (1000.00 Credit Collected)
Short 1 January 19th 76 Call
Short 1 January 19th 76 Put
Long 1 January 19th 77.5 Call
Long 1 January 19th 88 Call
Long 2 January 19th 75 Put

AMZN – (15.27) (1700.00 Credit Collected)
Short 1 January 19th 149 Call
Short 1 January 19th 145 Put
Long 1 January 19th 150 Call
Long 1 January 19th 157.5 Call
Long 1 January 19th 145 Put
Long 1 January 19th 144 Put

NVDA – (10.14) (2976.00 Credit Collected)
Short 1 January 19th 500 Call
Short 1 January 19th 450 Put
Long 1 January 19th 510 Call
Long 1 January 19th 440 Put

AAPL – (10.14) (1650.00 Credit Collected)
Short 1 January 19th 192.5 Call
Short 1 January 19th 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|2024-01-18T10:15:20-05:00January 18, 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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