Saturday Trades Thursday Update 9/12/2024 – Bubba Trading

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Saturday Trades Thursday Update 9/12/2024

Monster rally, PPI this morning – Look to sell

Markets had a monster rally on Wednesday,. We have PPI this morning and will look for levels to sell after. The rally is nothing more than a dead cat bounce and should be sold.

All rolls should be filled

Roll SPY, QQQ, and IWM to Friday

Futures Ratio Spread – Everyone should have sold the futures and locked in nice profits. We are holding the September 20th Puts for Free

Buy 6 MES Futures – 5425 Closed
Buy to open 5 ATM 542 6.00 Puts for September 20th – Open
Buy 6 MNQ Futures – 18670 Closed
Buy to open 5 ATM 454 Puts 7.00 for September 20th – Open

Bubba

Exercise and Assignment

Chat Room Link

New Trades

COIN

DIA

NVDA

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)

MARA – (5.97) (300.00 Credit Collected)
Short 1 September 13th 19 Call
Short 1 September 13th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 13 Put

QQQ – (25.77) (2800.00 Credit Collected)
Short 1 September 9th 480 Call
Short 1 September 9th 475 Put
Long 2 September 20th 485 Call
Long 1 September 20th 470 Put
Long 1 September 20th 450 Put

NVDA – (21.84) (2400.00 Credit Collected)
Short 1 September 13th 130 Call
Short 1 September 13th 120 Put
Long 2 September 20th 132 Call
Long 1 September 20th 118 Put
Long 1 September 20th 102 Put

SPY – (21.83) (2500.00 Credit Collected)
Short 1 September 9th 560 Call
Short 1 September 9th 550 Put
Long 2 September 20th 562 Call
Long 1 September 20th 548 Put
Long 1 September 20th 540 Put

COIN – (13.68) (1000.00 Credit Collected)
Short 1 September 13th 220 Call
Short 1 September 13th 185 Put
Long 1 September 20th 220 Call
Long 1 September 20th 185 Put

SPY – (15.27) (300.00 Credit Collected)
Short 1 September 2nd 537 Call
Short 1 September 2nd 523 Put
Long 1 September 20th 539 Call
Long 1 September 20th 521 Put

IWM – (17.19) (1800.00 Credit Collected)
Short 1 September 9th 209 Call
Short 1 September 9th 201 Put
Long 1 September 20th 211 Call
Long 1 September 20th 222 Call
Long 2 September 20th 199 Put

QQQ – (19.51) (300.00 Credit Collected)
Short 1 September 2nd 455 Call
Short 1 September 2nd 439 Put
Long 1 September 20th 455 Call
Long 1 September 20th 439 Put

SLV – (5.22) (420.00 Credit Collected)
Short 1 September 11th 28 Call
Short 1 September 11th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-09-12T08:37:48-04:00September 12, 2024|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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