Saturday Trades Tuesday Update 8/29/2023 – Bubba Trading

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Saturday Trades Tuesday Update 8/29/2023

Markets Virtually Dead and it’s Only Monday

Today appears to be another slow no action day. Even though we saw some big swings on Monday, there was no real action. These swings come out of nowhere, volumes are light and a big order shows creating movement.

Keep your powder dry, if you are going to trade wait for opportunity. There is no reason to put your self at risk in this environment.

AAPL filled, you can work NVDA and GOOGL at the same prices today.

Roll SPY, QQQ to Wednesday.

TSLA roll filled.

GLD – Buy to close 1 September 1st 181/179 Strangle/Sell to Open 1 September 8th 181/179 Strangle Credit .74

DIA – Buy to close 1 September 1st 359/351 Strangle/Sell to Open 1 September 8th 109/91 Strangle Credit 1.01

ZM – Buy to close 1 September 1st 74/71 Strangle/Sell to Open 1 September 8th 74/71 Strangle Credit 1.00

TSLA – Buy to close 1 September 1st 252.5/232.5 Strangle/Sell to Open 1 September 8th 252.5/232.5 Strangle Credit 3.85 ***

COIN – Buy to close 1 September 1st 85/75 Strangle/Sell to Open 1 September 8th 85/75 Strangle Credit 2.00

GME – Buy to close 1 September 1st 19/18 Strangle/Sell to Open 1 September 8th 19/18 Strangle Credit 2.00

2023-08-26 Pregame

2023-08-26 Saturday Call Recording

Exercise and Assignment

Chat Room Link

New Trades

NVDA

GOOGL

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)

AAPL – (7.83) ( Credit Collected)
Short 1 September 1st 180 Call
Short 1 September 1st 175 Put
Long 1 October 20th 180 Call
Long 1 October 20th 175 Put

GME – (5.05) (160.00 Credit Collected)
Short 1 September 1st 19 Call
Short 1 September 1st 18 Put
Long 2 September 15th 19 Call
Long 1 September 15th 18 Put
Long 1 September 15th 16 Put

TSLA – (11.44) (1033.00 Credit Collected)
Short 1 September 8th 252.5 Call
Short 1 September 8th 232.5 Put
Long 1 September 15th 255 Call
Long 1 September 15th 230 Put

COIN – (7.47) (580.00 Credit Collected)
Short 1 September 1st 85 Call
Short 1 September 1st 75 Put
Long 1 September 15th 85 Call
Long 1 September 15th 75 Put

GLD – (6.35) (359.00 Credit Collected)
Short 1 September 1st 181 Call
Short 1 September 1st 179 Put
Long 2 September 15th 182 Call
Long 1 September 15th 178 Put
Long 1 September 15th 175 Put

IWM – (12.10) (1000.00 Credit Collected)
Short 1 August 28th 196 Call
Short 1 August 28th 192 Put
Long 2 September 15th 198 Call
Long 1 September 15th 190 Put
Long 1 September 15th 181 Put

QQQ – (24.64) (1100.00 Credit Collected)
Short 1 August 28th 378 Call
Short 1 August 28th 366 Put
Long 2 September 15th 380 Call
Long 1 September 15th 364 Put
Long 1 September 15th 354 Put

SPY – (21.25) (1100.00 Credit Collected)
Short 1 August 28th 451 Call
Short 1 August 28th 443 Put
Long 2 September 15th 454 Call
Long 1 September 15th 441 Put
Long 1 September 15th 433 Put

RIOT – (5.18) (480.00 Credit Collected)
Short 1 September 1st 20 Call
Short 1 September 1st 17 Put
Long 2 September 15th 21 Call
Long 1 September 15th 16 Put
Long 1 September 15th 11 Put

ZM – (15.15) (942.00 Credit Collected)
Short 1 September 1st 74 Call
Short 1 September 1st 71 Put
Long 2 September 15th 75 Call
Long 1 September 15th 70 Put
Long 1 September 15th 64 Put

DIA – (11.19) (1060.00 Credit Collected)
Short 1 September 1st 359 Call
Short 1 September 1st 351 Put
Long 2 September 15th 361 Call
Long 1 September 15th 349 Put
Long 1 September 15th 340 Put

By Todd "Bubba" Horwitz|2023-08-29T07:45:52-04:00August 29, 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.

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