Saturday Trades Thursday Update 10/10/2024 – Bubba Trading

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Saturday Trades Thursday Update 10/10/2024

Today and the next move is all about CPI

Today and the next move should be decided by this mornings CPI number that comes out at 8:30. The rally the last couple of day’s indicates they are expecting good news.

Market expectations are interesting, unless today’s number is a blowout and way better than expected, we should see a selloff. We will see after the number.
If you were filled on JPM, make sure you get it rolled today, if not cancel the trade. If we get a big rally, be prepared to sell the extra calls expire on October 18th

Roll SPY, QQQ, and IWM to Thursday

NO FUTURES OPTIONS TRADES , IF WE GET A BIG RALLY OFF THE CPI NUMBER WE WILL LOOK TO SELL FUTURES AND BUY OPTIONS. I WILL UPDATE LATER

Sell 6 MES Futures –
Buy to open 5

Sell 6 MNQ Futures
Buy to open 5

Bubba

Exercise and Assignment

Chat Room Link

New Trades

JPM

GOOGL

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)

AMZN- (26.04) (400.00 Credit Collected)
Short 1 October 11th 192.5 Call
Short 1 October 11th 185 Put
Long 2 October 18th 195 Call
Long 2 October 18th 185 Put

QQQ – (20.72) (900.00 Credit Collected)
Short 1 October 7th 487 Call
Short 1 October 7th 477 Put
Long 2 October 18th 490 Call
Long 2 October 18th 475 Put

SPY – (19.60) (900.00 Credit Collected)
Short 1 October 7th 573 Call
Short 1 October 7th 563 Put
Long 2 October 18th 575 Call
Long 2 October 18th 561 Put

IWM – (11.59) (500.00 Credit Collected)
Short 1 October 7th 215 Call
Short 1 October 7th 219 Put
Long 2 October 18th 227 Call
Long 2 October 18th 217 Put

AAPL – (16.62) (1200.00 Credit Collected)
Short 1 October 11th 225 Call
Short 1 October 11th 220 Put
Long 1 October 18th 225 Call
Long 1 October 18th 230 Call
Long 1 October 18th 220 Put
Long 1 October 18th 215 Put

COIN – (29.33) (3000.00 Credit Collected)
Short 1 October 11th 160 Call
Short 1 October 11th 140 Put
Long 1 October 18th 165 Call
Long 1 October 18th 190 Call
Long 2 October 18th 135 Put

DIA – (17.05) (1600.00 Credit Collected)
Short 1 October 11th 410 Call
Short 1 October 11th 398 Put
Long 1 October 18th 412 Call
Long 1 October 18th 426 Call
Long 2 October 18th 396 Put

NVDA – (17.70) (2100.00 Credit Collected)
Short 1 October 11th 106 Call
Short 1 October 11th 100 Put
Long 1 October 18th 108 Call
Long 1 October 18th 128 Call
Long 2 October 18th 98 Put

MARA – (5.97) (600.00 Credit Collected)
Short 1 October 11th 19 Call
Short 1 October 11th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 13 Put

SLV – (5.22) (550.00 Credit Collected)
Short 1 October 7th 28 Call
Short 1 October 7th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-10-10T08:58:24-04:00October 10, 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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