Saturday Trades Wednesday Update 1/22/2025 – Bubba Trading

Saturday Trades Wednesday Update 1/22/2025

The rally continues – Time to start looking for levels to sell

Markets running again, the Dow, Russell, and S+P are well overbought and we would be looking for levels to sell. The Nasdaq still has some room to run.

We will patiently look for levels to sell, but remember, we have the Short Futures/ Long Options trades on which are short to the market

SPY trade filled on Tuesday

Roll IWM and SPY to Thursday

I’m going to close the extra call on JPM which will lock in an overall profit and play the stock for the rolls and possible reversal

Futures/Options trades

Sell 6 MES Futures 6000 –
Buy 5 ATM Jan 24 SPY Puts 593 Calls 5.00

Sell 6 MNQ Futures around 21540
Buy 5 ATM Jan 24 QQQ ATM Calls

Sell 6 MYM Futures Trading 44211 –
Buy 5 ATM Jan 31st DIA 440 Calls

Bubba

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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)

SPY – (23.48) (Credit Collected)
Short 1 January 22nd 603 Call
Short 1 January 22nd 593 Put
Long 2 February 21st 605 Call
Long 2 February 21st 591 Put

IWM – (18.02) (600.00 Credit Collected)
Short 1 January 21st 221 Call
Short 1 January 21st 217 Put
Long 1 February 21st 223 Call
Long 1 February 21st 227 Call
Long 2 February 21st 215 Put

JPM – (21.25) (1400.00 Credit Collected)
Short 1 January 17th 247.5 Call
Short 1 January 17th 242.5 Put
Long 1 February 21st 250 Call
Long 1 February 21st 260 Call
Long 2 February 21st 240 Put

QQQ- (29.62) (3200.00 Credit Collected)
Short 1 January 21st 542 Call
Short 1 January 21st 530 Put
Long 2 January 24th 544 Call
Long 1 January 24th 528 Put

SLV – (6.58) (550.00 Credit Collected)
Short 1 January 21st 27.5 Call
Short 1 January 21st 27.5 Put
Long 2 March 21st 28 Call
Long 1 March 21st 28 Put
Long 1 March 21st 27 Put

By Todd "Bubba" Horwitz|2025-01-22T09:13:24-05:00January 22, 2025|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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