Saturday Trades Wednesday Update 10/4/2023
Markets mixed again – beware of the rally
Like yesterday, markets are mixed this morning. Markets are dramatically oversold and a bounce is coming. There is no way to tell when but based on the current price action, it should be soon
This morning is the ISM Services number which could push markets big in either direction. We are net short and will stay there, looking for the rally to sell.
We will work the open new orders again today
2023-09-30 Saturday Call Recording
Roll SPY and QQQ to Thursday, IWM to Friday
I have set up the TSLA and NFLX rolls, NUGT waiting to see if they add the .50 strikes
TSLA – Buy to close 1 October 6th 270/230 Strangle/Sell to Open 1 October 13th 270/230 Strangle Credit 3.50
NFLX – Buy to close 1 October 6th 395/355 Strangle/Sell to Open 1 October 13th 395/355 Strangle Credit 3.50
JPM – Buy to close 1 October 6th 150/145 Strangle/Sell to Open 1 October 13th 150/145 Strangle Credit 2.50
GS – Buy to close 1 October 6th 347.5/337.5 Strangle/Sell to Open 1 October 13th 347.5/337.5 Strangle Credit 3.10
ROKU – Buy to close 1 October 6th 88/82 Strangle/Sell to Open 1 October 13th 88/82 Strangle Credit 1.00
ORCL – Buy to close 1 October 6th 122/118 Strangle/Sell to Open 1 October 13th 122/118 Strangle Credit .50
TWLO – Buy to close 1 October 6th 68/62 Strangle/Sell to Open 1 October 13th 68/62 Strangle Credit 1.00
GOOGL – Buy to close 1 October 6th 138/132 Strangle/Sell to Open 1 October 13th 138/132 Strangle Credit 2.50
AAPL – Buy to close 1 October 6th 180/175 Strangle/Sell to Open 1 October 13th 180/175 Strangle Credit 1.60
MU – Buy to close 1 October 6th 70/66 Strangle/Sell to Open 1 October 13th 70/66 Strangle Credit 1.00
COIN – Buy to close 1 October 6th 80/76 Strangle/Sell to Open 1 October 13th 80/76 Strangle Credit 2.40
Exercise and Assignment
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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) (Credit Collected)
Short 1 October 6th 26.5 Call
Short 1 October 6th 26.6 Put
Long 2 November 17th 28 Call
Long 2 November 17th 25 Put
TSLA – (17.59) (Credit Collected)
Short 1 October 6th 270 Call
Short 1 October 6th 230 Put
Long 1 November 17th 270 Call
Long 1 November 17th 230 Put
NFLX – (13.86) (Credit Collected)
Short 1 October 6th 395 Call
Short 1 October 6th 355 Put
Long 1 October 20th 400 Call
Long 1 October 20th 350 Put
MU – (5.50) (340.00 Credit Collected)
Short 1 October 6th 70 Call
Short 1 October 6th 66 Put
Long 2 October 20th 71 Call
Long 2 October 20th 65 Put
COIN – (12.44) (436.00 Credit Collected)
Short 1 October 6th 80 Call
Short 1 October 6th 76 Put
Long 2 October 20th 82 Call
Long 2 October 20th 74 Put
JPM – (9.66) (295.00 Credit Collected)
Short 1 October 6th 150 Call
Short 1 October 6th 145 Put
Long 2 October 20th 150 Call
Long 2 October 20th 145 Put
GS – (21.81) (860.00 Credit Collected)
Short 1 October 6th 347.5 Call
Short 1 October 6th 337.5 Put
Long 2 October 20th 350 Call
Long 1 October 20th 335 Put
Long 1 October 20th 330 Put
QQQ – (21.44) (1502.00 Credit Collected)
Short 1 October 2nd 378 Call
Short 1 October 2nd 368 Put
Long 2 October 20th 380 Call
Long 1 October 20th 366 Put
Long 1 October 20th 358 Put
SPY – (16.86) (2105.00 Credit Collected)
Short 1 October 2nd450 Call
Short 1 October 2nd 440 Put
Long 2 October 20th 452 Call
Long 1 October 20th 438 Put
ROKU – (11.50) (1505.00 Credit Collected)
Short 1 October 6th 88 Call
Short 1 October 6th 82 Put
Long 2 October 20th 90 Call
Long 1 October 20th 80 Put
ORCL – (11.73) (1550.00 Credit Collected)
Short 1 October 6th 122 Call
Short 1 October 6th 118 Put
Long 2 October 20th 125 Call
Long 1 October 20th 115 Put
TWLO – (6.96) (442.00 Credit Collected)
Short 1 October 6th 68 Call
Short 1 October 6th 62 Put
Long 2 October 20th 70 Call
Long 1 October 20th 60 Put
Long 1 October 20th 58 Put
GOOGL – (9.98) (575.00 Credit Collected)
Short 1 October 6th 138 Call
Short 1 October 6th 132 Put
Long 2 October 20th 140 Call
Long 2 October 20th 130 Put
AAPL – (7.83) (935.00 Credit Collected)
Short 1 October 6th 180 Call
Short 1 October 6th 175 Put
Long 1 October 20th 180 Call
Long 1 October 20th 175 Put