Saturday Trades Thursday Update 4/3/2025 – Bubba Trading

Saturday Trades Thursday Update 4/3/2025

Markets up huge at close, tank in the aftermarket

Markets whipped around on Wednesday before closing much higher on the day. After the Tariffs were announced markets collapsed, losing at least double the gains.

Markets are under pressure again this morning, they have recovered about 40% of their losses but still down huge. This action will give us the opportunity to sell the extra puts in our open positions.

I will be selling all extra Puts even in MARA unless there is some monster rally between now and the open

Roll IWM,SPY, and QQQ to Thursday

Futures/Options trades –

•Buy 6 MES Futures –
•Buy 5 April 4th SPY ATM Puts

•Sell 6 MGC Futures
•Buy 5 ATM April 4th GLD Calls

•Buy 6 MYM Futures (possibly Closed)
•Buy 5 ATM April 4th DIA Puts

Bubba

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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)

IWM – (12.10) (300.00 Credit Collected)
Short 1 March 31st 206 Call
Short 1 March 31st 202 Put
Long 2 April 17th 208 Call
Long 1 April 17th 200 Put
Long 1 April 17th 199 Put

QQQ – (27.41) (600.00 Credit Collected)
Short 1 March 31st 488 Call
Short 1 March 31st 472 Put
Long 2 April 17th 490 Call
Long 1 April 17th 470 Put
Long 1 April 17th 468 Put

SPY – (27.42) (600.00 Credit Collected)
Short 1 March 31st 570 Call
Short 1 March 31st 560 Put
Long 2 April 17th 572 Call
Long 1 April 17th 570 Put
Long 1 April 17th 555 Put

MARA – (11.48) (820.00 Credit Collected)
Short 1 April 4th 18 Call
Short 1 April 4th 16 Put
Long 2 June 20th 18 Call
Long 1 June 20th 16 Put
Long 1 June 20th 12 Put

By Todd "Bubba" Horwitz|2025-04-03T08:58:56-04:00April 3, 2025|BAD, Sunday Night Options|0 Comments

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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