Saturday Trades Tuesday Update 9/3/2024 – Bubba Trading

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Saturday Trades Tuesday Update 9/3/2024

Markets quietly churn, ISM Manufacturing today

Markets are quietly churning as they wait for a reason to move. The action should slowly start to come back over the next couple of days. Today we have ISM Manufacturing which could create some activity, we will be ready

Roll SPY, QQQ, and IWM to Wednesday

We have no new trades this week

Futures Ratio Spread

Sell 6 MES Futures – 5657
Buy to open 5 ATM Calls September 6th 561 Calls
Sell 6 MNQ Futures – 19590
Buy to open 5 ATM Calls September 6th 475 Calls

Bubba

Exercise and Assignment

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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)

MARA – (5.97) (120.00 Credit Collected)
Short 1 September 6th 19 Call
Short 1 September 6th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 16 Put

QQQ – (25.77) (1600.00 Credit Collected)
Short 1 September 2nd 480 Call
Short 1 September 2nd 475 Put
Long 2 September 20th 485 Call
Long 2 September 20th 470 Put

NVDA – (21.84) (1400.00 Credit Collected)
Short 1 September 6th 130 Call
Short 1 September 6th 120 Put
Long 2 September 20th 132 Call
Long 1 September 20th 118 Put
Long 1 September 20th 116 Put

SPY – (21.83) (1600.00 Credit Collected)
Short 1 September 2nd 560 Call
Short 1 September 2nd 550 Put
Long 2 September 20th 562 Call
Long 2 September 20th 548 Put

COIN – (13.68) (730.00 Credit Collected)
Short 1 September 6th 220 Call
Short 1 September 6th 185 Put
Long 1 September 20th 220 Call
Long 1 September 20th 185 Put

SPY – (15.27) (300.00 Credit Collected)
Short 1 September 2nd 537 Call
Short 1 September 2nd 523 Put
Long 1 September 20th 539 Call
Long 1 September 20th 521 Put

IWM – (17.19) (1300.00 Credit Collected)
Short 1 September 2nd 209 Call
Short 1 September 2nd 201 Put
Long 1 September 20th 211 Call
Long 1 September 20th 222 Call
Long 2 September 20th 199 Put

QQQ – (19.51) (300.00 Credit Collected)
Short 1 September 2nd 455 Call
Short 1 September 2nd 439 Put
Long 1 September 20th 455 Call
Long 1 September 20th 439 Put

SLV – (5.22) (400.00 Credit Collected)
Short 1 September 3rd 28 Call
Short 1 September 3rd 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-09-03T08:24:46-04:00September 3, 2024|BAD, Sunday Night Options|0 Comments

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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