Saturday Trades Tuesday Update 12/26/2023
Markets higher again this morning
The rally continues, markets are higher again this morning. The underlying strength is quite fascinating. The economy sucks, recession is in play and the rally continues.
Expect the rally to continue through the new year, remember we don’t predict we react. If you don’t want to participate observe. There is no reason to fight the tape
Roll IWM and QQQ to Wednesday. I will send the rest of the rolls later
Rolls (not updated)
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
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) (200.00 Credit Collected)
Short 1 December 26th 411 Call
Short 1 December 26th 405 Put
Long 2 January 19th 413 Call
Long 2 January 19th 403 Put
IWM – (8.75) (200.00 Credit Collected)
Short 1 December 26th 200 Call
Short 1 December 26th 194 Put
Long 2 January 19th 202 Call
Long 2 January 19th 192 Put
GS – (12.04) (115.00 Credit Collected)
Short 1 December 29th 355 Call
Short 1 December 29th345 Put
Long 1 January 19th 355 Call
Long 1 January 19th 345 Put
JPM – (4.50) (100.00 Credit Collected)
Short 1 December 29th 160 Call
Short 1 December 29th 155 Put
Long 1 January 19th 160 Call
Long 1 January 19th 155 Put
TSLA – (15.70) (980.00 Credit Collected)
Short 1 December 29th 255 Call
Short 1 December 29th 225 Put
Long 1 January 19th 255 Call
Long 1 January 19th 225 Put
CHWY – (5.41) (510.00 Credit Collected)
Short 1 December 29th 18 Call
Short 1 December 29th 18 Put
Long 1 January 19th 17.5 Call
Long 1 January 19th 24 Call
Long 2 January 19th 17.5 Put
MU – (9.57) (600.00 Credit Collected)
Short 1 December 29th 76 Call
Short 1 December 29th 76 Put
Long 1 January 19th 77.5 Call
Long 1 January 19th 82.5 Call
Long 2 January 19th 75 Put
AMZN – (15.27) (7.85 Credit Collected)
Short 1 December 29th 149 Call
Short 1 December 29th145 Put
Long 1 January 19th 150 Call
Long 1 January 19th 155 Call
Long 2 January 19th 145 Put
NVDA – (10.14) (1876.00 Credit Collected)
Short 1 December 29th 500 Call
Short 1 December 29th 450 Put
Long 1 January 19th 510 Call
Long 1 January 19th 440 Put
AAPL – (10.14) (850.00 Credit Collected)
Short 1 December 29th 192.5 Call
Short 1 December 29th 187.5 Put
Long 1 January 19th 195 Call
Long 1 January 19th 200 Call
Long 2 January 19th 185 Put