Saturday Trades Wednesday Update 11/15/2023
Huge rally Tuesday – Higher again this morning
According to the government CPI number inflation is falling. They may also sell you the Brooklyn Bridge. However, the markets exploded higher Tuesday without regard for anything
Today we will get the PPI, markets are higher again this morning and could continue the rally. We know they are overbought but that doesn’t mean the rally is over.
Roll SPY, QQQ, to Thursday, IWM to Friday.
Many of our trades will expire on Friday, look to close the extra options if not already done.
Rolls
TSLA – Buy to close 1 November 17th 230/200 Strangle/ Sell to open 1 November 24th 230/200 Strangle Credit 2.60
HD – Buy to close 1 November 17th 300/280 Strangle/ Sell to open 1 November 24th 300/280 Strangle Credit 2.00
MRNA – Buy to close 1 November 17th 74/71 Strangle/ Sell to open 1 November 24th 74/71 Strangle Credit 2.00
MRVL – Buy to close 1 November 17th 52/51 Strangle/ Sell to open 1 November 24th 52/51 Strangle Credit 1.00
MARA – Buy to Close 1 November 17th 9.5 Straddle/Sell 1 November 24th 9.5 Straddle Credit .63
TWLO – Buy to close 1 November 17th 57/51 Strangle/ Sell to open 1 November 24th 57/51 Strangle Credit 1.00
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