Saturday Trades Thursday Update 7/11/2024 – Bubba Trading

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Saturday Trades Thursday Update 7/11/2024

Everything is on this mornings CPI

The rally that will never end could find some issues this morning. We are not predicting a sell off but depending on the CPI number versus expectations we could see some profit taking.

Remember inflation is on the rise, todays number will tell if if its rising or falling at a faster or slower pace. Until CPI turns negative prices are rising.

All rolls should be filled

Work to sell the extra options that expire on the 19th to lock in a profit, everyone’s will be a little different

I have sold the extra QQQ, SPY, AAPL and working the rest

MRNA filled, we will work the others 1 more day

Roll SPY, QQQ and IWM to Friday

Ratio Spread using Futures and Options

•Short 6 MES (micro-S+P) Futures 5621
•Long 5 SPY July 12th 554 Call

Bubba

Exercise and Assignment

Chat Room Link

New Trades

CVX

MRNA

SQ

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)

CHWY – (7.17) (105.00 Credit Collected)
Short 1 July 12th 27 Call
Short 1 July 12th 26 Put
Long 2 August 16th 27.5 Call
Long 2 August 16th 25 Put

NVDA – (24.77) (575.00 Credit Collected)
Short 1 July 12th 129 Call
Short 1 July 12th 123 Put
Long 1 August 16th 130 Call
Long 1 August 16th 132 Call
Long 1 August 16th 122 Put
Long 1 August 16th 120 Put

ROKU – (13.10) (245.00 Credit Collected)
Short 1 July 12th 62 Call
Short 1 July 12th 58 Put
Long 2 August 16th 65 Call
Long 2 August 16th 55 Put

IWM – (8.36) (404.00 Credit Collected)
Short 1 July 10th 202 Call
Short 1 July 10th 198 Put
Long 2 July 19th 204 Call
Long 2 July 19th 196 Put

JPM – (10.28) (700.00 Credit Collected)
Short 1 July 12th 200 Call
Short 1 July 12th 190 Put
Long 1 July 19th 200 Call
Long 1 July 19th 210 Call
Long 2 July 19th 190 Put

GLD – (10.24) (725.00 Credit Collected)
Short 1 July 12th 215 Call
Short 1 July 12th 215 Put
Long 1 August 16th 220 Call
Long 1 August 16th 222 Call
Long 2 August 16th 210 Put

SPY – (20.22) (1440.00 Credit Collected)
Short 1 July 10th 546 Call
Short 1 July 10th 536 Put
Long 1 July 19th 548 Call
Long 1 July 19th 555 Call
Long 2 July 19th 534 Put

QQQ – (20.22) (2540.00 Credit Collected)
Short 1 July 10th 482 Call
Short 1 July 10th 472 Put
Long 1 July 19th 485 Call
Long 2 July 19th 470 Put

NUGT – (7.25) (700.00 Credit Collected)
Short 1 July 12th 37 Call
Short 1 July 12th 35 Put
Long 1 July 19th 37 Call
Long 1 July 19th 43 Call
Long 2 July 19th 35 Put

AAPL – (10.10) (1325.00 Credit Collected)
Short 1 July 12th 215 Call
Short 1 July 12th 210 Put
Long 1 July 19th 220 Call
Long 2 July 19th 210 Put

RIOT – (3.05) (300.00 Credit Collected)
Short 1 July 12th 10.5 Call
Short 1 July 12th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put

MARA – (8.21) (640.00 Credit Collected)
Short 1 July 12th 22 Call
Short 1 July 12th 20 Put
Long 2 July 19th 23 Call
Long 1 July 19th 19 Put
Long 1 July 19th 18 Put

By Todd "Bubba" Horwitz|2024-07-11T08:50:20-04:00July 11, 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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