Saturday Trades Wednesday Update 1/3/2024

The selling continues day two 2024

JPM goes Ex Dividend tomorrow morning, we want to avoid the dividend

We are going to roll up the short call that expires Friday and the long call that expires on Jan 19th. THIS MUST BE DONE TODAY

Tuesday saw a market selloff mostly in the Nasdaq. This morning the sellers are back but once again the selling is orderly with no panic.

Today there is a lot of economic data, ISM manufacturing the biggest. There is also FED Minutes, which could tell a story. The bottom line is simple, without a panic sell off and no volume expect a rally to show.

Roll QQQ to Thursday

GOOGL and ROKU filled on Tuesday, you can work FSLR again today

Rolls (only dreams right now)

GS – Buy to close 1 January 5th 355/345 Strangle/ Sell to open 1 January 12th 355/345 Strangle Credit 1.00

JPM – Buy to close 1 January 5th 160/155 Strangle/ Sell to open 1 January 12th 160/155 Strangle Credit 1.00

CHWY – Buy to close 1 January 5th 18 Straddle/ Sell to open 1 January 12th 18 Straddle Credit .50

TSLA – Buy to close 1 January 5th 255/225 Strangle/ Sell to open 1 January 12th 255/225 Strangle Credit 3.00

MU – Buy to close 1 January 5th 76 Straddle/ Sell to open 1 January 12th 76 Straddle Credit .50

NVDA – Buy to close 1 January 5th 500/450 Strangle/ Sell to open 1 January 12th 500/450 Strangle Credit 4.50

AAPL – Buy to close 1 January 5th 192.5/187.5 Strangle/ Sell to open 1 January 12th 192.5/187.5 Strangle Credit 1.50

AMZN – Buy to close 1 January 5th 149/145 Strangle/ Sell to open 1 January 12th 149/145 Strangle Credit 1.50

Exercise and Assignment

Chat Room Link 

New Trades

ROKU

GOOGL

FSLR

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)

QQQ – (17.36) (600.00 Credit Collected)
Short 1 January 2nd 410.78 Call
Short 1 January 2nd 404.78 Put
Long 2 January 19th 413 Call
Long 2 January 19th 403 Put

IWM – (8.75) (550.00 Credit Collected)
Short 1 January 2nd 200 Call
Short 1 January 2nd 194 Put
Long 1 January 19th 202 Call
Long 1 January 19th 205 Call
Long 2 January 19th 192 Put

GS – (12.04) (180.00 Credit Collected)
Short 1 January 5th 355 Call
Short 1 January 5th 345 Put
Long 1 January 19th 355 Call
Long 1 January 19th 345 Put

JPM – (4.50) (120.00 Credit Collected)
Short 1 January 5th 160 Call
Short 1 January 5th 155 Put
Long 1 January 19th 160 Call
Long 1 January 19th 155 Put

TSLA – (15.70) (1280.00 Credit Collected)
Short 1 January 5th 255 Call
Short 1 January 5th 225 Put
Long 1 January 19th 255 Call
Long 1 January 19th 225 Put

CHWY – (5.41) (580.00 Credit Collected)
Short 1 January 5th 18 Call
Short 1 January 5th 18 Put
Long 1 January 19th 17.5 Call
Long 1 January 19th 25 Call
Long 2 January 19th 17.5 Put

MU – (9.57) (900.00 Credit Collected)
Short 1 January 5th 76 Call
Short 1 January 5th 76 Put
Long 1 January 19th 77.5 Call
Long 1 January 19th 88 Call
Long 2 January 19th 75 Put

AMZN – (15.27) (950.00 Credit Collected)
Short 1 January 5th 149 Call
Short 1 January 5th 145 Put
Long 1 January 19th 150 Call
Long 1 January 19th 155 Call
Long 2 January 19th 145 Put

NVDA – (10.14) (2276.00 Credit Collected)
Short 1 January 5th 500 Call
Short 1 January 5th 450 Put
Long 1 January 19th 510 Call
Long 1 January 19th 440 Put

AAPL – (10.14) (1050.00 Credit Collected)
Short 1 January 5th 192.5 Call
Short 1 January 5th 187.5 Put
Long 1 January 19th 195 Call
Long 1 January 19th 200 Call
Long 2 January 19th 185 Put