Saturday Trades Thursday Update 9/19/2024 – Bubba Trading

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Saturday Trades Thursday Update 9/19/2024

Wednesday Markets did as we expected – today they are exploding higher

Wednesday Markets did as we expected – today they are exploding higher which I didn’t expect. I will be looking to sell this rally.

This rally is a short squeeze and should fail in the next day or two. We will not be selling aggressively but we will be selling. Be patient and wait for opportunity.

I will be selling the extra expiring calls and also work a futures order that will take off my futures at a profit for the trade

Tomorrow SPY goes Ex Dividend, Close the Expiring SPY call side today

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

HAVE ORDERS WORKING ON THE FUTURES, THERE COULD BE WILD SWINGS

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

NEW Futures Options Trade put on this morning

Sell 6 MES Futures –
Buy to open 5 ATM Calls September 20th

Sell 6 MNQ Futures –
Buy to open 5 ATM Calls September 20th

Bubba

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)

AAPL – (16.62) (250.00 Credit Collected)
Short 1 September 20th 225 Call
Short 1 September 20th 220 Put
Long 2 October 18th 225 Call
Long 1 October 18th 220 Put
Long 1 October 18th 215 Put

COIN – (29.33) (500.00 Credit Collected)
Short 1 September 20th 160 Call
Short 1 September 20th 140 Put
Long 2 October 18th 165 Call
Long 2 October 18th 135 Put

DIA – (17.05) (500.00 Credit Collected)
Short 1 September 20th 410 Call
Short 1 September 20th 398 Put
Long 1 October 18th 412 Call
Long 1 October 18th 416 Call
Long 2 October 18th 396 Put

NVDA – (17.70) (1000.00 Credit Collected)
Short 1 September 20th 106 Call
Short 1 September 20th 100 Put
Long 1 October 18th 108 Call
Long 1 October 18th 120 Call
Long 2 October 18th 98 Put

MARA – (5.97) (350.00 Credit Collected)
Short 1 September 20th 19 Call
Short 1 September 20th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 13 Put

QQQ – (25.77) (3300.00 Credit Collected)
Short 1 September 17th 480 Call
Short 1 September 17th 475 Put
Long 2 September 20th 485 Call
Long 1 September 20th 470 Put
Long 1 September 20th 450 Put

NVDA – (21.84) (2600.00 Credit Collected)
Short 1 September 20th 130 Call
Short 1 September 20th 120 Put
Long 2 September 20th 132 Call
Long 1 September 20th 118 Put
Long 1 September 20th 102 Put

SPY – (21.83) (3100.00 Credit Collected)
Short 1 September 17th 560 Call
Short 1 September 17th 550 Put
Long 1 September 20th 562 Call
Long 1 September 20th 563 Call
Long 1 September 20th 548 Put
Long 1 September 20th 540 Put

SPY – (15.27) (300.00 Credit Collected)
Short 1 September 16th 537 Call
Short 1 September 16th 523 Put
Long 1 September 20th 539 Call
Long 1 September 20th 521 Put

IWM – (17.19) (2150.00 Credit Collected)
Short 1 September 17th 209 Call
Short 1 September 17th 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 16th 455 Call
Short 1 September 16th 439 Put
Long 1 September 20th 455 Call
Long 1 September 20th 439 Put

SLV – (5.22) (460.00 Credit Collected)
Short 1 September 18th 28 Call
Short 1 September 18th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-09-19T08:42:22-04:00September 19, 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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