Saturday Trades Wednesday Futures Update 11/6/2024 – Bubba Trading

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Saturday Trades Wednesday Futures Update 11/6/2024

Trump Wins, Market up big

Sell the MNQ and ES Buy the ATM Calls for November 15th
Right now
SPY – 587 5.93
QQQ – 500 6.75

The election is over, Trump wins and markets explode higher. As we talked about on Saturday, the high Implied Volatility would collapse. As of this morning the VIX is down 25% since yesterday. This why we talked about selling the extra options

Roll New SPY, QQQ, and IWM to Thursday

Futures Options Trades – We will enter this trade this morning, I will send an email to confirm. I want to wait until 10:00 EST

Sell 6 MES Futures – 5910
Buy to open 5 November

Sell 6 MNQ Futures – 20680
Buy to open 5 November

Bubba

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)

AAPL – (13.71) (250.00 Credit Collected)
Short 1 November 8th 240 Call
Short 1 November 8th 222.5 Put
Long 2 December 20th 245 Call
Long 2 December 20th 220 Put

IWM – (26.68) (1000.00 Credit Collected)
Short 1 November 4th 228 Call
Short 1 November 4th 224 Put
Long 2 December 20th 230 Call
Long 1 December 20th 222 Put
Long 1 December 20th 218 Put

QQQ – (27.07) (1100.00 Credit Collected)
Short 1 November 4th 500 Call
Short 1 November 4th 490 Put
Long 2 November 15th 505 Call
Long 2 November 15th 485 Put

SPY – (29.03) (1500.00 Credit Collected)
Short 1 November 4th 585 Call
Short 1 November 4th 575 Put
Long 2 November 15th 587 Call
Long 1 November 15th 573 Put
Long 1 November 15th 568 Put

SMCI- (10.35) (2200.00 Credit Collected)
Short 1 November 8th 50 Call
Short 1 November 8th 44 Put
Long 2 November 15th 52 Call
Long 1 November 15th 42 Put

JPM- (18.06) (1300.00 Credit Collected)
Short 1 November 8th 215 Call
Short 1 November 8th 205 Put
Long 1 November 15th 215 Call
Long 1 November 15th 225 Call
Long 2 November 15th 205 Put

GOOGL- (18.71) (2500.00 Credit Collected)
Short 1 November 8th 170 Call
Short 1 November 8th 162.5 Put
Long 1 November 15th 170 Call
Long 2 November 15th 160 Put

AMZN- (26.04) (2000.00 Credit Collected)
Short 1 November 1st 192.5 Call
Short 1 November 1st 185 Put
Long 1 November 15th 195 Call
Long 1 November 15th 200 Call
Long 2 November 15th 185 Put

SLV – (5.22) (900.00 Credit Collected)
Short 1 November 4th 28 Call
Short 1 November 4th 28 Put
Long 1 November 15th 29 Call
Long 1 November 15th 31 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-11-06T09:56:05-05:00November 6, 2024|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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