Saturday Trades Tuesday Update 12/19/2023 – 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 12/19/2023

Markets higher even with late day selloff

Monday saw the rally continue except for the Dow and Russell which had small losses. The losses in those was fairly predictable with their parabolic moves. There was no damage done to the Dow and Russell

The Nasdaq and S+P sold off late but were still up with solid gains. We don’t expect any major selling before the year is over. Volumes have dried up and barring a fundamental news bomb the rally should continue

On Monday IWM filled and we rolled AMZN extra call to 155. You can work the SPY and QQQ on Tuesday

Rolls

GS – Buy to close 1 December 22nd 355/345 Strangle/ Sell to open 1 December 29th 355/345 Strangle Credit 1.00

JPM – Buy to close 1 December 22nd 160/155 Strangle/ Sell to open 1 December 29th 160/155 Strangle Credit 1.00

CHWY – Buy to close 1 December 22nd 18 Straddle/ Sell to open 1 December 29th 18 Straddle Credit .50

TSLA – Buy to close 1 December 22nd 255/225 Strangle/ Sell to open 1 December 29th 255/225 Strangle Credit 3.00

MU – Buy to close 1 December 22nd 76 Straddle/ Sell to open 1 December 29th 76 Straddle Credit 1.00

NVDA – Buy to close 1 December 22nd 500/450 Strangle/ Sell to open 1 December 29th 500/450 Strangle Credit 4.50

AAPL – Buy to close 1 December 22nd 192.5/187.5 Strangle/ Sell to open 1 December 29th 192.5/187.5 Strangle Credit 1.00

AMZN – Buy to close 1 December 22nd 149/145 Strangle/ Sell to open 1 December 29th 149/145 Strangle Credit 1.77

Exercise and Assignment

Chat Room Link

New Trades

SPY

QQQ

IWM

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)

IWM – (8.75) (Credit Collected)
Short 1 December 20th 200 Call
Short 1 December 20th 194 Put
Long 2 January 19th 202 Call
Long 2 January 19th 192 Put

GS – (12.04) (75.00 Credit Collected)
Short 1 December 22nd 355 Call
Short 1 December 22nd 345 Put
Long 1 January 15th 355 Call
Long 1 January 15th 345 Put

JPM – (4.50) (60.00 Credit Collected)
Short 1 December 22nd 160 Call
Short 1 December 22nd 155 Put
Long 1 January 15th 160 Call
Long 1 January 15th 155 Put

TSLA – (15.70) (700.00 Credit Collected)
Short 1 December 22nd 255 Call
Short 1 December 22nd 225 Put
Long 1 January 15th 255 Call
Long 1 January 15th 225 Put

CHWY – (5.41) (400.00 Credit Collected)
Short 1 December 22nd 18 Call
Short 1 December 22nd 18 Put
Long 1 January 15th 17.5 Call
Long 1 January 15th 22.5 Call
Long 2 January 15th 17.5 Put

MU – (9.57) (500.00 Credit Collected)
Short 1 December 22nd 76 Call
Short 1 December 22nd 76 Put
Long 1 January 15th 77.5 Call
Long 1 January 15th 82.5 Call
Long 2 January 15th 75 Put

AMZN – (15.27) (4.95 Credit Collected)
Short 1 December 22nd 149 Call
Short 1 December 22nd 145 Put
Long 2 January 15th 150 Call
Long 2 January 15th 145 Put

NVDA – (10.14) (1476.00 Credit Collected)
Short 1 December 22nd 500 Call
Short 1 December 22nd 450 Put
Long 1 January 15th 510 Call
Long 1 January 15th 440 Put

AAPL – (10.14) (720.00 Credit Collected)
Short 1 December 22nd 192.5 Call
Short 1 December 22nd 187.5 Put
Long 1 January 15th 195 Call
Long 1 January 15th 200 Call
Long 2 January 15th 185 Put

By Todd "Bubba" Horwitz|2023-12-19T09:14:39-05:00December 19, 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.

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