Saturday Trades Thursday Update 11/7/2024

Where will markets go from here

Markets exploded on Wednesday and are higher this morning. We are now looking to sell rallies, the bounce was expected after a Trump win.

This rally should fizzle out as soon as today, especially with the FOMC announcement at 2:00 EST. From our long Puts being in the money last week, our long calls are in the money. I will be selling all the extra long calls

Roll New SPY, QQQ, and IWM to Friday

Futures Options Trades –

Sell 6 MES Futures – 5910
Buy to open 5 November 15th 587 Calls 5.93

Sell 6 MNQ Futures – 20680
Buy to open 5 November 15th 500 Calls 6.75

Bubba

 


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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)

AAPL – (13.71) (250.00 Credit Collected)
Short 1 November 8th 240 Call
Short 1 November 8th 222.5 Put
Long 2 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (1000.00 Credit Collected)
Short 1 November 4th 228 Call
Short 1 November 4th 224 Put
Long 2 December 20th 230 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

QQQ – (27.07) (1100.00 Credit Collected)
Short 1 November 4th 500 Call
Short 1 November 4th 490 Put
Long 2 November 15th 505 Call
Long 2 November 15th 485 Put

SPY – (29.03) (1500.00 Credit Collected)
Short 1 November 4th 585 Call
Short 1 November 4th 575 Put
Long 2 November 15th 587 Call
Long 1 November 15th 573 Put
Long 1 November 15th 568 Put

SMCI- (10.35) (2200.00 Credit Collected)
Short 1 November 8th 50 Call
Short 1 November 8th 44 Put
Long 2 November 15th 52 Call
Long 1 November 15th 42 Put

JPM- (18.06) (1300.00 Credit Collected)
Short 1 November 8th 215 Call
Short 1 November 8th 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 225 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (2500.00 Credit Collected)
Short 1 November 8th 170 Call
Short 1 November 8th 162.5 Put
Long 1 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (2000.00 Credit Collected)
Short 1 November 1st 192.5 Call
Short 1 November 1st 185 Put
Long 1 November 15th 195 Call
Long 1 November 15th 200 Call
Long 2 November 15th 185 Put

SLV – (5.22) (900.00 Credit Collected)
Short 1 November 4th 28 Call
Short 1 November 4th 28 Put
Long 1 November 15th 29 Call
Long 1 November 15th 31 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put