Saturday Trades Thursday Update 12/5/2024 – Bubba Trading

Saturday Trades Thursday Update 12/5/2024

Dull, listless markets – Slightly lower

The trading has been Dull, listless without much opportunity. Success in trading takes patience and discipline which will never be tested more than now.

With news today and jobs tomorrow, maybe we will see some action. Until we can identify and edge we wait.

Roll SPY, IWM, and QQQ to Friday

Futures Options Trades – Open Position

Sell 6 MES Futures – 6051
Buy to open 5 December 6th 603 Call 3.20

Sell 6 MNQ Futures – 20993
Buy to open 5 December 6th 510 Calls 3.80

Buy 6 MGC Futures – 2681
Buy to open 5 GLD December 6th 250 Puts 2.13

Short 6 MYM Futures – 45055
Buy to open 5 DIA December 6th 450 Calls 2.98

Bubba

Exercise and Assignment

Chat Room Link

New Trades

COIN

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)

SLV – (6.58) (100.00 Credit Collected)
Short 1 December 2nd 27.5 Call
Short 1 December 2nd 27.5 Put
Long 2 March 21st 28 Call
Long 2 March 21st 28 Put

DIA – (14.98) (900.00 Credit Collected)
Short 1 December 2nd 438 Call
Short 1 December 2nd 432 Put
Long 1 December 20th 440 Call
Long 1 December 20th 450 Call
Long 2 December 20th 430 Put

SPY – (28.77) (2000.00 Credit Collected)
Short 1 December 2nd 601 Call
Short 1 December 2nd 595 Put
Long 2 December 20th 603 Call
Long 1 December 20th 593 Put
Long 1 December 20th 585 Put

QQQ – (33.41) (2000.00 Credit Collected)
Short 1 December 2nd 518 Call
Short 1 December 2nd 507 Put
Long 2 December 20th 520 Call
Long 1 December 20th 505 Put
Long 1 December 20th 495 Put

AAPL – (13.71) (1000.00 Credit Collected)
Short 1 December 2nd 240 Call
Short 1 December 2nd 222.5 Put
Long 2 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (3200.00 Credit Collected)
Short 1 December 2nd 228 Call
Short 1 December 2nd 224 Put
Long 1 December 20th 230 Call
Long 1 December 20th 245 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

By Todd "Bubba" Horwitz|2024-12-05T08:32:46-05:00December 5, 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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