Saturday Trades Tuesday Update 8/15/2023

The Selling has Begun

The selling has begun, after yesterday’s rally markets have given away the gains plus. This appears to be the beginning of an extended selloff. The only thing to prevent a big selloff is the time of year.

We expect the slow dull trade to continue through Labor Day. The end of the third and start of the fourth quarter should bring selling pressure.

Roll SPY, QQQ, to Wednesday.

New Trades filled on Monday.

GLD – Buy to close 1 August 18th 181/179 Strangle/Sell to Open 1 August 25th 181/179 Strangle Credit 1.01

DIA – Buy to close 1 August 18th 359/351 Strangle/Sell to Open 1 August 25th 109/91 Strangle Credit 1.60

IWM – Buy to close 1 August 14th 196/192 Strangle/Sell to Open 1 August 16th 196/192 Strangle Credit .70

RIOT – Buy to close 1 August 18th 20/17 Strangle/Sell to Open 1 August 25th 20/17 Strangle Credit .60

ZM – Buy to close 1 August 18th 74/71 Strangle/Sell to Open 1 August 25th 74/71 Strangle Credit 3.32

2023-08-12 Pregame

2023-08-12 Saturday Call Recording


Exercise and Assignment

Chat Room Link 


New Trades

COIN

TSLA


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)

GLD – (6.35) (70.00 Credit Collected)
Short 1 August 18th 181 Call
Short 1 August 18th 179 Put
Long 2 September 15th 182 Call
Long 2 September 15th 178 Put

IWM – (12.10) (150.00 Credit Collected)
Short 1 August 14th 196 Call
Short 1 August 14th 192 Put
Long 2 September 15th 198 Call
Long 2 September 15th 190 Put

QQQ – (24.64) (Credit Collected)
Short 1 August 14th 378 Call
Short 1 August 14th 366 Put
Long 2 September 15th 380 Call
Long 2 September 15th 364 Put

SPY – (21.25) (170.00 Credit Collected)
Short 1 August 14th 451 Call
Short 1 August 14th 443 Put
Long 2 September 15th 454 Call
Long 2 September 15th 441 Put

RIOT – (5.18) (147.00 Credit Collected)
Short 1 August 18th 20 Call
Short 1 August 18th 17 Put
Long 2 September 15th 21 Call
Long 2 September 15th 16 Put

SQ – (8.16) (1035.00 Credit Collected)
Short 1 August 18th 80 Call
Short 1 August 18th 76 Put
Long 2 August 18th 80 Call
Long 1 August 18th 76 Put

ZM – (15.15) (480.00 Credit Collected)
Short 1 August 18th 74 Call
Short 1 August 18th 71 Put
Long 2 September 15th 75 Call
Long 1 September 15th 70 Put
Long 1 September 15th 66 Put

DIA – (11.19) (359.00 Credit Collected)
Short 1 August 18th 359 Call
Short 1 August 18th 351 Put
Long 2 September 15th 361 Call
Long 2 September 15th 349 Put

COIN – (9.32) (1204.00 Credit Collected)
Short 1 August 18th 109 Call
Short 1 August 18th 91 Put
Long 1 August 18th 110 Call
Long 1 August 18th 90 Put

RIVN – (4.21) (313.00 Credit Collected)
Short 1 August 18th 26.5 Call
Short 1 August 18th 21.5 Put
Long 2 August 18th 27.5 Call
Long 2 August 18th 20 Put

ROKU – (15.26) (1901.00 Credit Collected)
Short 1 August 18th 78 Call
Short 1 August 18th 71 Put
Long 1 August 18th 80 Call
Long 1 August 18th 98 Call
Long 2 August 18th 70 Put

GS – (16.91) (2250.00 Credit Collected)
Short 1 August 18th 335 Call
Short 1 August 18th 315 Put
Long 1 August 18th 335 Call
Long 1 August 18th 360 Call
Long 2 August 18th 315 Put

QQQ – (26.06) (2600.00 Credit Collected)
Short 1 August 14th 370 Call
Short 1 August 14th 362 Put
Long 1 August 18th 372 Call
Long 1 August 18th 388 Call
Long 2 August 18th 360 Put

SPY – (19.98) (2410.00 Credit Collected)
Short 1 August 14th 442 Call
Short 1 August 14th 434 Put
Long 1 August 18th 444 Call
Long 1 August 18th 460 Call
Long 2 August 18th 432 Put

IWM – (9.34) (1230.00 Credit Collected)
Short 1 August 14th 188 Call
Short 1 August 14th 182 Put
Long 1 August 18th 190 Call
Long 1 August 18th 198 Call
Long 2 August 18th 180 Put

GOOGL – (10.33) (2200.00 Credit Collected)
Short 1 August 18th 124 Call
Short 1 August 18th 117 Put
Long 1 August 18th 125 Call
Long 1 August 18th 117 Put
Long 1 August 18th 115 Put

AMZN – (15.19) (1910.00 Credit Collected)
Short 1 August 18th 134 Call
Short 1 August 18th 126 Put
Long 1 August 18th 135 Call
Long 2 August 18th 125 Put

ZM – (11.99) (680.00 Credit Collected)
Short 1 August 18th 70 Call
Short 1 August 18th 65 Put
Long 1 August 18th 70 Call
Long 1 August 18th 65 Put

AAPL – (11.99) (1450.00 Credit Collected)
Short 1 August 18th 190 Call
Short 1 August 18th 182.5 Put
Long 1 August 18th 195 Call
Long 1 August 18th 197.5 Call
Long 1 August 18th 180 Put
Long 1 August 18th 177.5 Put