Saturday Trades Tuesday Update 1/2/2024 – Bubba Trading

ATTENTION: Microsoft Edge browser is not supported and will result in a degraded user experience and/or inability to login. We recommend using Brave, Firefox, Chrome for the best experience.

Saturday Trades Tuesday Update 1/2/2024

Markets under a little pressure to start the New Year

Markets are under some pressure this morning as we begin the New Year. Based on the end of the year this mornings sell off is not a surprise. Although I thought they may be higher coming in this morning.

Although markets are lower this morning it would be no surprise to see a rally before the day is over. The selling is very calm and organized. We will have a better idea when they open at 9:30

Roll QQQ and IWM to Wednesday

New Trades good as written

Rolls (only dreams right now)

GS – Buy to close 1 January 5th 355/345 Strangle/ Sell to open 1 January 12th 355/345 Strangle Credit 1.00

JPM – Buy to close 1 January 5th 160/155 Strangle/ Sell to open 1 January 12th 160/155 Strangle Credit 1.00

CHWY – Buy to close 1 January 5th 18 Straddle/ Sell to open 1 January 12th 18 Straddle Credit .50

TSLA – Buy to close 1 January 5th 255/225 Strangle/ Sell to open 1 January 12th 255/225 Strangle Credit 3.00

MU – Buy to close 1 January 5th 76 Straddle/ Sell to open 1 January 12th 76 Straddle Credit .50

NVDA – Buy to close 1 January 5th 500/450 Strangle/ Sell to open 1 January 12th 500/450 Strangle Credit 4.50

AAPL – Buy to close 1 January 5th 192.5/187.5 Strangle/ Sell to open 1 January 12th 192.5/187.5 Strangle Credit 1.50

AMZN – Buy to close 1 January 5th 149/145 Strangle/ Sell to open 1 January 12th 149/145 Strangle Credit 1.50

Exercise and Assignment

Chat Room Link

New Trades

ROKU

GOOGL

FSLR

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)

QQQ – (17.36) (600.00 Credit Collected)
Short 1 January 2nd 410.78 Call
Short 1 January 2nd 404.78 Put
Long 2 January 19th 413 Call
Long 2 January 19th 403 Put

IWM – (8.75) (550.00 Credit Collected)
Short 1 January 2nd 200 Call
Short 1 January 2nd 194 Put
Long 1 January 19th 202 Call
Long 1 January 19th 205 Call
Long 2 January 19th 192 Put

GS – (12.04) (180.00 Credit Collected)
Short 1 January 5th 355 Call
Short 1 January 5th 345 Put
Long 1 January 19th 355 Call
Long 1 January 19th 345 Put

JPM – (4.50) (120.00 Credit Collected)
Short 1 January 5th 160 Call
Short 1 January 5th 155 Put
Long 1 January 19th 160 Call
Long 1 January 19th 155 Put

TSLA – (15.70) (1280.00 Credit Collected)
Short 1 January 5th 255 Call
Short 1 January 5th 225 Put
Long 1 January 19th 255 Call
Long 1 January 19th 225 Put

CHWY – (5.41) (580.00 Credit Collected)
Short 1 January 5th 18 Call
Short 1 January 5th 18 Put
Long 1 January 19th 17.5 Call
Long 1 January 19th 25 Call
Long 2 January 19th 17.5 Put

MU – (9.57) (900.00 Credit Collected)
Short 1 January 5th 76 Call
Short 1 January 5th 76 Put
Long 1 January 19th 77.5 Call
Long 1 January 19th 88 Call
Long 2 January 19th 75 Put

AMZN – (15.27) (950.00 Credit Collected)
Short 1 January 5th 149 Call
Short 1 January 5th 145 Put
Long 1 January 19th 150 Call
Long 1 January 19th 155 Call
Long 2 January 19th 145 Put

NVDA – (10.14) (2276.00 Credit Collected)
Short 1 January 5th 500 Call
Short 1 January 5th 450 Put
Long 1 January 19th 510 Call
Long 1 January 19th 440 Put

AAPL – (10.14) (1050.00 Credit Collected)
Short 1 January 5th 192.5 Call
Short 1 January 5th 187.5 Put
Long 1 January 19th 195 Call
Long 1 January 19th 200 Call
Long 2 January 19th 185 Put

By Todd "Bubba" Horwitz|2024-01-02T09:06:49-05:00January 2, 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.

Thank you for visiting Bubba Trading. We use cookies to improve your experience during your sojourn, prior & future purchases, and all other interactions herein. Your continued use of the site constitutes your freely-given explicit consent to our company user policies and that you being of sound-mind understand the implications thereof. To find out more, read our privacy policy , general visitor terms of use, and/or the subscriber & customer terms of use. If you wish not to consent to said policies, you must leave the site immediately and are forbidden to return until such time as you opt to freely & explicitly consent to our aforementioned & hyperlinked policies.

Ok