Saturday Trades Tuesday Update 6/11/2024
Markets at Resistance and Overbought
Not much has changed since yesterday. Markets are weak this morning in overbought conditions. They will probably rally again today with some tricky action. We have the FED and CPI tomorrow.
Some of the rolls filled on Monday
New Trades good as written.
Start selling extra options that lock in profits that expire June 21st.
The rolls are below, on COIN the roll is to close and MRVL is a partial close
Roll SPY, QQQ, and IWM to Wednesday
Rolls
UPDATED and OPEN
Ratio Spread using Futures and Options
•Short 6 MES (micro-S+P) Futures 5355
•Long 5 SPY June 14th 534 Calls 4.30
Bubba
Exercise and Assignment
Chat Room Link
New Trades
ORCL
QQQ
SPY
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)
RIOT – (3.05) (100.00 Credit Collected)
Short 1 June 14th 10.5 Call
Short 1 June 14th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put
MARA – (8.21) (210.00 Credit Collected)
Short 1 June 14th 22 Call
Short 1 June 14th 20 Put
Long 2 July 19th 23 Call
Long 2 July 19th 19 Put
COIN – (10.53) (900.00 Credit Collected)
Short 1 June 14th 265 Call
Short 1 June 14th 205 Put
Long 1 June 21st 270 Call
Long 1 June 21st 200 Put
QQQ – (21.27) (1880.00 Credit Collected)
Short 1 June 10th 456 Call
Short 1 June 10th 447 Put
Long 1 June 21st 458 Call
Long 1 June 21st 464 Call
Long 1 June 21st 445 Put
Long 1 June 21st 443 Put
ZM – (4.06) (182.00 Credit Collected)
Short 1 June 14th 68 Call
Short 1 June 14th 60 Put
Long 2 June 21st 70 Call
Long 2 June 21st 60 Put
MRVL – (12.69) (1150.00 Credit Collected)
Short 1 June 14th 75 Call
Short 1 June 14th 70 Put
Long 1 June 21st 75 Call
Long 1 June 21st 78 Call
Long 1 June 21st 70 Put
Long 1 June 21st 66 Put
CHWY – (3.56) (470.00 Credit Collected)
Short 1 June 14th 16 Call
Short 1 June 14th 15 Put
Long 1 June 21st 17.5 Call
Jong 1 June 21st 22 Call
Long 2 June 21st 15 Put
TSLL – (1.79) (100.00 Credit Collected)
Short 4 June 14th 8 Call
Short 4 June 14th 7.5 Put
Long 8 June 21st 7.73 Call
Long 8 June 21st 6.73 Put
NUGT – (9.55) (800.00 Credit Collected)
Short 1 June 14th 45 Call
Short 1 June 14th 45 Put
Long 2 June 21st 45 Call
Long 1 June 21st 45 Put
Long 1 June 21st 38 Put
SPY – (22.01) (2000.00 Credit Collected)
Short 1 June 10th 524 Call
Short 1 June 10th 516 Put
Long 1 June 21st 526 Call
Long 1 June 21st 536 Call
Long 2 June 21st 514 Put
GLD – (11.47) (900.00 Credit Collected)
Short 1 June 12th 220 Call
Short 1 June 12th 215 Put
Long 1 June 21st 220 Call
Long 1 June 21st 225 Call
Long 2 June 21st 215 Put
AMD – (20.52) (2300.00 Credit Collected)
Short 1 June 14th 165 Call
Short 1 June 14th 150 Put
Long 1 June 21st 170 Call
Long 1 June 21st 175 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put
BYND – (3.49) (530.00 Credit Collected)
Short 1 June 14th 6.5 Call
Short 1 June 14th 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put
DKNG – (6.93) (850.00 Credit Collected)
Short 1 June 14th 44 Call
Short 1 June 14th 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 1 June 21st 41 Put
Long 1 June 21st 35 Put
