Saturday Trades Tuesday Update 11/19/2024 – Bubba Trading

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Saturday Trades Tuesday Update 11/19/2024

The selling has resumed – Markets under pressure

After Monday’s rally, markets are under pressure. The trade is still quiet but we will continue to sell rallies. The VIX is popping this morning, indicating more selling to come

New Trades Filled

We are adding to ne Futures/Options trades that should be executed around 10:00 EST

Roll New SPY, QQQ, and IWM to Tuesday

Futures Options Trades – Open Position

Sell 6 MES Futures – 5910
Buy to open 5 November 22nd 587 Call 4.24

Sell 6 MNQ Futures – 20680
Buy to open 5 November 22nd 497 Calls 5.60

NEW FUTURES OPTIONS TRADES

Buy 6 MGC Futures –
Buy to open 5 GLD ATM November 22nd Puts

Buy 6 MYM Futures –
Buy to open 5 DIA ATM November 22nd Puts

Bubba

Exercise and Assignment

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New Trades

DIA

SLV

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)

VXX – (.75) (Credit Collected)
Long 5 November 22nd 45 Call
Short 5 November 22nd 45 Put
Long 5 November 22nd 43 Call

SPY – (28.77) (1000.00 Credit Collected)
Short 1 November 18th 601 Call
Short 1 November 18th 595 Put
Long 2 December 20th 603 Call
Long 1 December 20th 593 Put
Long 1 December 20th 585 Put

QQQ – (33.41) (1100.00 Credit Collected)
Short 1 November 18th 518 Call
Short 1 November 18th 507 Put
Long 2 December 20th 520 Call
Long 1 December 20th 505 Put
Long 1 December 20th 495 Put

AAPL – (13.71) (750.00 Credit Collected)
Short 1 November 22nd 240 Call
Short 1 November 22nd 222.5 Put
Long 2 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (2600.00 Credit Collected)
Short 1 November 18th 228 Call
Short 1 November 18th 224 Put
Long 1 December 20th 230 Call
Long 1 December 20th 243 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

By Todd "Bubba" Horwitz|2024-11-19T08:55:52-05:00November 19, 2024|BAD, Sunday Night Options|0 Comments

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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