Saturday Trades Tuesday Update 10/1/2024 – Bubba Trading

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Saturday Trades Tuesday Update 10/1/2024

New Month and Quarter – We are looking to sell rallies

Monday’s close was a little wild with a huge rally late. Now the new quarter begins and we are looking to sell rallies of substance. Don’t be in a hurry, define the levels and have a reason to sell.

This is a heavy news week, ISM Manufacturing is today with jobs on Wednesday and Friday. There is also the Port Strike which began today.

Roll SPY, QQQ, and IWM to Wednesday

Our new trades did not fill on Monday, work the same orders today

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

Sell 6 MES Futures – 5791
Buy to open 5 571 Calls October 4th

Sell 6 MNQ Futures – 20221
Buy to open 5 487 Calls October 4th

Bubba

Exercise and Assignment

Chat Room Link

New Trades

GOOGL

AMZN

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 – (20.72) (300.00 Credit Collected)
Short 1 September 30th 487 Call
Short 1 September 30th 477 Put
Long 2 October 18th 490 Call
Long 2 October 18th 475 Put

SPY – (19.60) (300.00 Credit Collected)
Short 1 September 30th 573 Call
Short 1 September 30th 563 Put
Long 2 October 18th 575 Call
Long 2 October 18th 561 Put

IWM – (11.59) (200.00 Credit Collected)
Short 1 September 30th 215 Call
Short 1 September 30th 219 Put
Long 2 October 18th 227 Call
Long 2 October 18th 217 Put

AAPL – (16.62) (1000.00 Credit Collected)
Short 1 October 4th 225 Call
Short 1 October 4th 220 Put
Long 1 October 18th 225 Call
Long 1 October 18th 230 Call
Long 1 October 18th 220 Put
Long 1 October 18th 215 Put

COIN – (29.33) (2500.00 Credit Collected)
Short 1 October 4th 160 Call
Short 1 October 4th 140 Put
Long 1 October 18th 165 Call
Long 1 October 18th 190 Call
Long 2 October 18th 135 Put

DIA – (17.05) (1400.00 Credit Collected)
Short 1 September 30th 410 Call
Short 1 September 30th 398 Put
Long 1 October 18th 412 Call
Long 1 October 18th 426 Call
Long 2 October 18th 396 Put

NVDA – (17.70) (1800.00 Credit Collected)
Short 1 October 4th 106 Call
Short 1 October 4th 100 Put
Long 1 October 18th 108 Call
Long 1 October 18th 128 Call
Long 2 October 18th 98 Put

MARA – (5.97) (500.00 Credit Collected)
Short 1 October 4th 19 Call
Short 1 October 4th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 13 Put

SLV – (5.22) (500.00 Credit Collected)
Short 1 September 30th 28 Call
Short 1 September 30th 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-10-01T09:01:22-04:00October 1, 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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