Saturday Trades Thursday Update 3/14/2024 – Bubba Trading

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Saturday Trades Thursday Update 3/14/2024

Decision Day – PPI, Retail Sales, and more

Saturday Call registration, pregame starts at 9:00 EST
Password: 888848

Today is a big day for the markets. We have PPI, Retail Sales and other data coming out this morning. The recent market action has been topping trade, which doesn’t meant the tops are in but they are close.

Depending on the on the market reaction to the news, we will be able to trade the correct direction. This is a waiting game, if you are patient you will be rewarded.

Today is SPY ex dividend, on our expiring SPY trade you may want to close the call side to avoid the dividend

Roll SPY, QQQ to Friday

90 minutes after the open move al rolls to midpoint

Rolls

TOST – Buy to close 1 March 15th 24.5 Straddle/ Sell to open 1 March 22nd 24.5 Straddle Credit .90

SE – Buy to close 1 March 15th 59/56 Strangle/ Sell to open 1 March 22nd 59/56 Strangle Credit 1.50

RIOT – Buy to close 1 March 15th 15/14 Strangle/ Sell to open 1 March 22nd 15/14 Strangle Credit .75

MARA – Buy to close 1 March 15th 29/26 Strangle/ Sell to open 1 March 22nd 29/26 Strangle Credit 2.00

AAPL – Buy to close 1 March 15th 182.5/177.5 Strangle/ Sell to open 1 March 22nd 182.5/177.5 Strangle Credit 1.85

ZM – Buy to close 1 March 15th 64/61 Strangle/ Sell to open 1 March 22nd 64/61 Strangle Credit 1.00

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)

TOST – (4.10) (Credit Collected)
Short 1 March 15th 24.5 Call
Short 1 March 15th 24.5 Put
Long 2 April 19th 25 Call
Long 2 April 19th 24 Put

SE – (9.30) (Credit Collected)
Short 1 March 15th 59 Call
Short 1 March 15th 56 Put
Long 2 April 19th 55 Call
Long 2 April 19th 60 Put

SPY – (20.20) (100.00 Credit Collected)
Short 1 March 13th 520 Call
Short 1 March 13th 510 Put
Long 2 April 19th 522 Call
Long 2 April 19th 508 Put

QQQ – (23.72) (200.00 Credit Collected)
Short 1 March 13th 451 Call
Short 1 March 13th 439 Put
Long 2 April 19th 454 Call
Long 2 April 19th 436 Put

AAPL – (10.07) (420.00 Credit Collected)
Short 1 March 15th 182.5 Call
Short 1 March 15th 177.5 Put
Long 2 April 19th 185 Call
Long 1 April 19th 175 Put
Long 1 April 19th 170 Put

RIOT – (5.40) (160.00 Credit Collected)
Short 1 March 15th 15 Call
Short 1 March 15th 14 Put
Long 2 April 19th 16 Call
Long 1 April 19th 13 Put
Long 1 April 19th 11 Put

MARA – (14.78) (5.17 Credit Collected)
Short 1 March 15th 29 Call
Short 1 March 15th 26 Put
Long 2 April 19th 30 Call
Long 1 April 19th 25 Put
Long 1 April 19th 20 Put

ZM – (7.58) (990.00 Credit Collected)
Short 1 March 15th 64 Call
Short 1 March 15th 61 Put
Long 1 April 19th 65 Call
Long 2 April 19th 60 Put

TSLL – (1.49) (156.00 Credit Collected)
Short 1 March 15th 10.5 Call
Short 1 March 15th 10 Put
Long 2 March 15th 10.73 Call
Long 1 March 15th 9.73 Put

SQ – (8.29) (900.00 Credit Collected)
Short 1 March 15th 72 Call
Short 1 March 15th 62 Put
Long 1 March 15th 72.5 Call
Long 1 March 15th 82.5 Call
Long 2 March 15th 62.5 Put

SPY – (14.82) (1700.00 Credit Collected)
Short 1 March 11th 506 Call
Short 1 March 11th 499 Put
Long 1 March 15th 508 Call
Long 1 March 15th 518 Call
Long 1 March 15th 497 Put
Long 1 March 15th 495 Put

QQQ – (17.31) (1750.00 Credit Collected)
Short 1 March 11th 439 Call
Short 1 March 11th 429 Put
Long 1 March 15th 442 Call
Long 1 March 15th 449 Call
Long 1 March 15th 428 Put
Long 1 March 15th 425 Put

MRNA – (11.40) (1190.00 Credit Collected)
Short 1 March 15th 95 Call
Short 1 March 15th 85 Put
Long 1 March 15th 95 Call
Long 1 March 15th 105 call
Long 2 March 15th 85 Put

DKNG – (5.66) (316.00 Credit Collected)
Short 1 March 15th 46 Call
Short 1 March 15th 41 Put
Long 2 March 15th 46 Call
Long 1 March 15th 41 Put
Long 1 March 15th 40 Put

COIN – (27.13) (4090.00 Credit Collected)
Short 1 March 15th 135 Call
Short 1 March 15th 120 Put
Long 1 March 15th 140 Call
Long 2 March 15th 115 Put

IWM – (12.34) (1600.00 Credit Collected)
Short 1 March 11th 198 Call
Short 1 March 11th 192 Put
Long 1 March 15th 200 Call
Long 1 March 15th 207 Call
Long 2 March 15th 190 Put

BABA – (14.15) (1390.00 Credit Collected)
Long 1 March 15th 75 Call
Long 1 March 15th 70 Put

AMD – (21.70) (3375.00 Credit Collected)
Short 1 March 8th 185 Call
Short 1 March 8th 170 Put
Long 1 March 15th 190 Call
Long 1 March 15th 212.5 Call
Long 1 March 15th 165 Put
Long 1 March 15th 162.5

By Todd "Bubba" Horwitz|2024-03-14T10:22:29-04:00March 14, 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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