Saturday Trades Thursday Update 2/27/2025 – Bubba Trading

Saturday Trades Thursday Update 2/27/2025

Once again higher open – Will it lead to another lower close?

All week we have seen higher opens and lower closes, will that be the case again today? I see no reason that the pattern will change, look for levels to sell the rally.

The only caveat here is the oversold conditions. Markets are do a rip your face off rally, which can show up at anytime. In other words, trade with caution and patience

Roll SPY, IWM, and QQQ to Friday

Futures/Options trades –

Sell 6 MES Futures 6067 CLOSED
Buy 5 ATM February 28th SPY 600 Calls 5.00

Sell 6 MYM Futures Trading 44700 CLOSED
Buy 5 ATM February 28th DIA 434 Calls 3.75

Sell 6 MGC Futures 2857
Buy 5 ATM February 28th GLD 271 Calls 2.00

Sell 6 MNQ 22261 Closed +4000
Buy 5 QQQ 540 Calls for February 28th 6.50

Bubba

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 – (27.42) (800.00 Credit Collected)
Short 1 February 26th 532 Call
Short 1 February 26th 520 Put
Long 2 March 21st 535 Call
Long 1 March 21st 520 Put
Long 1 March 21st 510 Put

IWM- (10.58) (100.00 Credit Collected)
Short 1 February 26th 221 Call
Short 1 February 26th 215 Put
Long 2 March 21st 223 Call
Long 2 March 21st 213 Put

GOOGL – (12.88) (1600.00 Credit Collected)
Short 1 February 28th 210 Call
Short 1 February 28th 200 Put
Long 2 March 21st 215 Call
Long 1 March 21st 200 Put
Long 1 March 21st 175 Put

SPY – (23.82) (1200.00 Credit Collected)
Short 1 February 26th 614 Call
Short 1 February 26th 605 Put
Long 2 March 21st 616 Call
Long 1 March 21st 605 Put
Long 1 March 21st 591 Put

MARA – (11.48) (330.00 Credit Collected)
Short 1 February 28th 18 Call
Short 1 February 28th 16 Put
Long 2 June 20th 18 Call
Long 1 June 20th 16 Put
Long 1 June 20th 12 Put

NVDA – (26.16) (1280.00 Credit Collected)
Short 1 February 28tht 135 Call
Short 1 February 21st 125 Put
Long 2 March 21st 138 Call
Long 2 March 21st 122 Put

DKNG – (6.02) (800.00 Credit Collected)
Short 1 February 28th 43 Call
Short 1 February 28th 41 Put
Long 1 March 21st 45 Call
Long 1 March 21st 55 Call
Long 2 March 21st 39 Put

SLV – (6.58) (1300.00 Credit Collected)
Short 1 February 28th 27.5 Call
Short 1 February 28th 27.5 Put
Long 1 March 21st 28 Call
Long 1 March 21st 31 Call
Long 1 March 21st 28 Put
Long 1 March 21st 27 Put

By Todd "Bubba" Horwitz|2025-02-27T09:20:27-05:00February 27, 2025|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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