Saturday Trades Wednesday Update 10/11/2023 – Bubba Trading

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Saturday Trades Wednesday Update 10/11/2023

Markets higher again this morning

Markets are higher again this morning but lacking in price action and volume. This appears to be the tail end of the rally. This morning we have PPI, this afternoon is the FOMC minutes.

Either or both could create fireworks in the market today and more than likely to the downside. The trend is still down and the short squeeze is near the end. Expect a lower close.

Roll QQQ, SPY to Thursday, IWM to Friday

Some of the new trades filled, you can work the unfilled today

Rolls

GOOGL – Buy to close 1 October 13th 140/135 Strangle/ Sell to open 1 October 20th 140/135 Strangle Credit 1..80

AAPL – Buy to close 1 October 13th 180/175 Strangle/ Sell to open 1 October 20th 180/175 Strangle Credit 1.90

AMZN – Buy to close 1 October 13th 130/125 Strangle/ Sell to open 1 October 20th 130/125 Strangle Credit 1.90

NUGT – Buy to close 1 October 13th 27/26 Strangle/ Sell to open 1 October 20th 26.5 Straddle Credit 1.35

TSLA – Buy to close 1 October 13th 270/230 Strangle/ Sell to open 1 October 20th 270/230 Strangle Credit 6.70

NFLX – Buy to close 1 October 13th 395/355 Strangle/ Sell to open 1 October 20th 395/355 Strangle Credit 17.00

MU – Buy to close 1 October 13th 70/66 Strangle/ Sell to open 1 October 20th 70/66 Strangle Credit 1.00

COIN – Buy to close 1 October 13th 80/76 Strangle/ Sell to open 1 October 20th 80/76 Strangle Credit 2.80

JPM – Buy to close 1 October 13th 150/145 Strangle/ Sell to open 1 October 20th 150/145 Strangle Credit 1.20

GS – Buy to close 1 October 13th 347.5/337.5 Strangle/ Sell to open 1 October 20th 347.5/337.5 Strangle Credit 2.50

ROKU – Buy to close 1 October 13th 88/82 Strangle/ Sell to open 1 October 20th 88/82 Strangle Credit .50

ORCL – Buy to close 1 October 13th 122/118 Strangle/ Sell to open 1 October 20th 122/118 Strangle Credit .25

TWLO – Buy to close 1 October 13th 68/62 Strangle/ Sell to open 1 October 20th 68/62 Strangle Credit .50

GOOGL – Buy to close 1 October 13th 138/132 Strangle/ Sell to open 1 October 20th 138/132 Strangle Credit 1.60

AAPL – Buy to close 1 October 13th 180/175 Strangle/ Sell to open 1 October 20th 180/175 Strangle Credit 1.75 to close

2023-10-07 Saturday Call Recording

Exercise and Assignment

Chat Room Link

New Trades

APPL

AMZN

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)

NUGT – (4.78) (90.00 Credit Collected)
Short 1 October 13th 25 Call
Short 1 October 13th 27 Put
Long 2 November 17th 28 Call
Long 1 November 17th 25 Put
Long 1 November 17th 24 Put

TSLA – (17.59) (350.00 Credit Collected)
Short 1 October 13th 270 Call
Short 1 October 13th 230 Put
Long 1 November 17th 270 Call
Long 1 November 17th 230 Put

NFLX – (13.86) (350.00 Credit Collected)
Short 1 October 13th 395 Call
Short 1 October 13th 355 Put
Long 1 October 20th 400 Call
Long 1 October 20th 350 Put

MU – (5.50) (440.00 Credit Collected)
Short 1 October 13th 70 Call
Short 1 October 13th 66 Put
Long 2 October 20th 71 Call
Long 2 October 20th 65 Put

COIN – (12.44) (676.00 Credit Collected)
Short 1 October 13th 80 Call
Short 1 October 13th 76 Put
Long 2 October 20th 82 Call
Long 2 October 20th 74 Put

JPM – (9.66) (495.00 Credit Collected)
Short 1 October 13th 150 Call
Short 1 October 13th 145 Put
Long 2 October 20th 150 Call
Long 2 October 20th 145 Put

GS – (21.81) (860.00 Credit Collected)
Short 1 October 13th 347.5 Call
Short 1 October 13th 337.5 Put
Long 2 October 20th 350 Call
Long 1 October 20th 335 Put
Long 1 October 20th 330 Put

QQQ – (21.44) (2002.00 Credit Collected)
Short 1 October 9th 378 Call
Short 1 October 9th 368 Put
Long 2 October 20th 380 Call
Long 1 October 20th 366 Put
Long 1 October 20th 354 Put

SPY – (16.86) (2205.00 Credit Collected)
Short 1 October 9th 450 Call
Short 1 October 9th 440 Put
Long 2 October 20th 452 Call
Long 1 October 20th 438 Put

ROKU – (11.50) (1555.00 Credit Collected)
Short 1 October 13th 88 Call
Short 1 October 13th 82 Put
Long 2 October 20th 90 Call
Long 1 October 20th 80 Put

ORCL – (11.73) (1570.00 Credit Collected)
Short 1 October 13th 122 Call
Short 1 October 13th 118 Put
Long 2 October 20th 125 Call
Long 1 October 20th 115 Put

TWLO – (6.96) (450.00 Credit Collected)
Short 1 October 13th 68 Call
Short 1 October 13th 62 Put
Long 2 October 20th 70 Call
Long 1 October 20th 60 Put
Long 1 October 20th 58 Put

GOOGL – (9.98) (752.00 Credit Collected)
Short 1 October 13th 138 Call
Short 1 October 13th 132 Put
Long 2 October 20th 140 Call
Long 2 October 20th 130 Put

AAPL – (7.83) (1100.00 Credit Collected)
Short 1 October 13th 180 Call
Short 1 October 13th 175 Put
Long 1 October 20th 180 Call
Long 1 October 20th 175 Put

By Todd "Bubba" Horwitz|2023-10-11T07:17:28-04:00October 11, 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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