Saturday Trades Thursday Update 6/13/2024

Markets explode higher – PPI this morning

We are having a monster week, PPI comes out this morning. This is a great time to unload the June 21st extra calls. There is going to be some retracement with the overbought markets.

Try to complete all rolls today

The rolls are below, on COIN the roll is to close and MRVL is a partial close

Roll SPY, QQQ, and IWM to Friday

Rolls

UPDATED and OPEN

Ratio Spread using Futures and Options

•Short 6 MES (micro-S+P) Futures 5355
•Long 5 SPY June 14th 534 Calls 4.30

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)

RIOT – (3.05) (100.00 Credit Collected)
Short 1 June 14th 10.5 Call
Short 1 June 14th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put

MARA – (8.21) (260.00 Credit Collected)
Short 1 June 14th 22 Call
Short 1 June 14th 20 Put
Long 2 July 19th 23 Call
Long 1 July 19th 19 Put
Long 1 July 19th 18 Put

COIN – (10.53) (1150.00 Credit Collected) CLOSED
Short 1 June 14th 265 Call
Short 1 June 14th 205 Put
Long 1 June 21st 270 Call
Long 1 June 21st 200 Put

QQQ – (21.27) (2280.00 Credit Collected)
Short 1 June 12th 456 Call
Short 1 June 12th 447 Put
Long 1 June 21st 458 Call
Long 1 June 21st 468 Call
Long 1 June 21st 445 Put
Long 1 June 21st 443 Put

ZM – (4.06) (182.00 Credit Collected)
Short 1 June 14th 68 Call
Short 1 June 14th 60 Put
Long 2 June 21st 70 Call
Long 2 June 21st 60 Put

MRVL – (12.69) (1150.00 Credit Collected)
Short 1 June 14th 75 Call
Short 1 June 14th 70 Put
Long 1 June 21st 75 Call
Long 1 June 21st 78 Call
Long 1 June 21st 70 Put
Long 1 June 21st 66 Put

CHWY – (3.56) (470.00 Credit Collected)
Short 1 June 14th 16 Call
Short 1 June 14th 15 Put
Long 1 June 21st 17.5 Call
Jong 1 June 21st 22 Call
Long 2 June 21st 15 Put

TSLL – (1.79) (100.00 Credit Collected)
Short 4 June 14th 8 Call
Short 4 June 14th 7.5 Put
Long 8 June 21st 7.73 Call
Long 8 June 21st 6.73 Put

NUGT – (9.55) (800.00 Credit Collected)
Short 1 June 14th 45 Call
Short 1 June 14th 45 Put
Long 2 June 21st 45 Call
Long 1 June 21st 45 Put
Long 1 June 21st 38 Put

SPY – (22.01) (2200.00 Credit Collected)
Short 1 June 12th 524 Call
Short 1 June 12th 516 Put
Long 1 June 21st 526 Call
Long 1 June 21st 536 Call
Long 2 June 21st 514 Put

GLD – (11.47) (950.00 Credit Collected)
Short 1 June 14th 220 Call
Short 1 June 14th 215 Put
Long 1 June 21st 220 Call
Long 1 June 21st 225 Call
Long 2 June 21st 215 Put

AMD – (20.52) (2300.00 Credit Collected)
Short 1 June 14th 165 Call
Short 1 June 14th 150 Put
Long 1 June 21st 170 Call
Long 1 June 21st 175 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put

BYND – (3.49) (530.00 Credit Collected)
Short 1 June 14th 6.5 Call
Short 1 June 14th 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put

DKNG – (6.93) (850.00 Credit Collected)
Short 1 June 14th 44 Call
Short 1 June 14th 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 1 June 21st 41 Put
Long 1 June 21st 35 Put