Saturday Trades Thursday Update 9/7/2023 – Bubba Trading

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Saturday Trades Thursday Update 9/7/2023

Markets under pressure again

Markets are under pressure again this morning although the Dow is higher. The VIX has gained a little steam without a big pop to the upside. This action is more bearish than anything else.

Markets are still slow but starting to gain a little steam. It appears the entire market structure is on the verge of a breakdown. Watch the VIX and Volume for more clues.

Saturday Call Registration for 9/9/2023

You can work ORCL and ROKU today

Roll SPY, QQQ, to Friday

TWLO – Buy to close 1 September 8th 68/62 Strangle/Sell to Open 1 September 15th 68/62 Strangle Credit .90

GOOGL – Buy to close 1 September 8th 138/132 Strangle/Sell to Open 1 September 15th 138/132 Strangle Credit 1.41

NVDA – Buy to close 1 September 8th 480/440 Strangle/Sell to Open 1 September 15th 480/440 Strangle Credit 7.00 (this will close the trade)

AAPL – Buy to close 1 September 8th 180/175 Strangle/Sell to Open 1 September 15th 180/175 Strangle Credit 1.14

GLD – Buy to close 1 September 8th 181/179 Strangle/Sell to Open 1 September 15th 181/179 Strangle Credit 1.00

DIA – Buy to close 1 September 8th 359/351 Strangle/Sell to Open 1 September 15th 359/351 Strangle Credit 1.78

ZM – Buy to close 1 September 8th 74/71 Strangle/Sell to Open 1 September 15th 74/71 Strangle Credit 1.74

TSLA – Buy to close 1 September 8th 252.5/232.5 Strangle/Sell to Open 1 September 15th 253.33/232.5 Strangle Credit 4.40 ***

COIN – Buy to close 1 September 8th 85/75 Strangle/Sell to Open 1 September 15th 85/75 Strangle Credit 2.00 (this will close the trade)

GME – Buy to close 1 September 8th 19/18 Strangle/Sell to Open 1 September 15th 19/18 Strangle Credit 1.00

2023-09-02 Pregame

2023-09-02 Saturday Trades Recording

Exercise and Assignment

Chat Room Link

New Trades

ROKU

ORCL

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)

TWLO – (6.96) (Credit Collected)
Short 1 September 8th 68 Call
Short 1 September 8th 62 Put
Long 2 October 20th 70 Call
Long 2 October 20th 60 Put

GOOGL – (9.98) (80.00 Credit Collected)
Short 1 September 8th 138 Call
Short 1 September 8th 132 Put
Long 2 October 20th 140 Call
Long 2 October 20th 130 Put

NVDA – (12.65) (634.00 Credit Collected)
Short 1 September 8th 480 Call
Short 1 September 8th 440 Put
Long 1 September 15th 480 Call
Long 1 September 15th 440 Put

AAPL – (7.83) ( 80.00 Credit Collected)
Short 1 September 8th 180 Call
Short 1 September 8th 175 Put
Long 1 October 20th 180 Call
Long 1 October 20th 175 Put

GME – (5.05) (340.00 Credit Collected)
Short 1 September 8th 19 Call
Short 1 September 8th 18 Put
Long 2 September 15th 19 Call
Long 1 September 15th 18 Put
Long 1 September 15th 16 Put

TSLA – (11.44) (1033.00 Credit Collected)
Short 1 September 8th 252.5 Call
Short 1 September 8th 232.5 Put
Long 1 September 15th 255 Call
Long 1 September 15th 230 Put

COIN – (7.47) (780.00 Credit Collected)
Short 1 September 8th 85 Call
Short 1 September 8th 75 Put
Long 1 September 15th 85 Call
Long 1 September 15th 75 Put

GLD – (6.35) (433.00 Credit Collected)
Short 1 September 8th 181 Call
Short 1 September 8th 179 Put
Long 2 September 15th 182 Call
Long 1 September 15th 178 Put
Long 1 September 15th 175 Put

IWM – (12.10) (1150.00 Credit Collected)
Short 1 September 5th 196 Call
Short 1 September 5th 192 Put
Long 2 September 15th 198 Call
Long 1 September 15th 190 Put
Long 1 September 15th 181 Put

QQQ – (24.64) (1500.00 Credit Collected)
Short 1 September 5th 378 Call
Short 1 September 5th 366 Put
Long 2 September 15th 380 Call
Long 1 September 15th 364 Put
Long 1 September 15th 354 Put

SPY – (21.25) (1400.00 Credit Collected)
Short 1 September 5th 451 Call
Short 1 September 5th 443 Put
Long 2 September 15th 454 Call
Long 1 September 15th 441 Put
Long 1 September 15th 433 Put

RIOT – (5.18) (490.00 Credit Collected)
Short 1 September 8th 20 Call
Short 1 September 8th 17 Put
Long 2 September 15th 21 Call
Long 1 September 15th 16 Put
Long 1 September 15th 11 Put

ZM – (15.15) (987.00 Credit Collected)
Short 1 September 8th 74 Call
Short 1 September 8th 71 Put
Long 2 September 15th 75 Call
Long 1 September 15th 70 Put
Long 1 September 15th 64 Put

DIA – (11.19) (1139.00 Credit Collected)
Short 1 September 8th 359 Call
Short 1 September 8th 351 Put
Long 2 September 15th 361 Call
Long 1 September 15th 349 Put
Long 1 September 15th 340 Put

By Todd "Bubba" Horwitz|2023-09-07T08:38:28-04:00September 7, 2023|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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