Saturday Trades Tuesday Update 1/28/2025 – Bubba Trading

Saturday Trades Tuesday Update 1/28/2025

Markets higher – really just in consolidation

After the big overnight selloff Sunday into Monday, markets cut those losses in half. In fact the Dow rallied Monday, the recovery continues this morning.

The real story, with the selloff, there was no real damage to the markets. We don’t know if this is the start of a correction or just another buying opportunity. The overbought conditions have been relieved. We will observe for clues

Roll IWM, and SPY, to Wednesday

Futures/Options trades –

Sell 6 MES Futures 6133
Buy 5 ATM Jan 31 SPY 608 Calls 3.98

Sell 6 MNQ Futures around 21911 – CLOSED
Buy 5 ATM Jan 31 QQQ 530 Calls 4.99

Sell 6 MYM Futures Trading 44602
Buy 5 ATM Jan 31st DIA 444 Calls 2.77

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)

BA – (18.63) (800.00 Credit Collected)
Short 1 January 31st 177.5 Call
Short 1 January 31st 167.5 Put
Long 1 February 21st 180 Call
Long 2 February 21st 165 Put

AMZN – (19.96) (700.00 Credit Collected)
Short 1 January 31st 225 Call
Short 1 January 31st 210 Put
Long 1 February 21st 230 Call
Long 1 February 21st 235 Call
Long 2 February 21st 205 Put

SPY – (23.48) (700.00 Credit Collected)
Short 1 January 27th 603 Call
Short 1 January 27th 593 Put
Long 1 February 21st 605 Call
Long 1 February 21st 611 Call
Long 2 February 21st 591 Put

IWM – (18.02) (1300.00 Credit Collected)
Short 1 January 27th 221 Call
Short 1 January 27th 217 Put
Long 1 February 21st 223 Call
Long 1 February 21st 230 Call
Long 2 February 21st 215 Put

JPM – (21.25) (2200.00 Credit Collected)
Short 1 January 31st 247.5 Call
Short 1 January 31st 242.5 Put
Long 1 February 21st 250 Call
Long 2 February 21st 240 Put

SLV – (6.58) (650.00 Credit Collected)
Short 1 January 27th 27.5 Call
Short 1 January 27th 27.5 Put
Long 2 March 21st 28 Call
Long 1 March 21st 28 Put
Long 1 March 21st 27 Put

By Todd "Bubba" Horwitz|2025-01-28T09:05:57-05:00January 28, 2025|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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