Saturday Trades Wednesday Update 11/29/2023

The rally rolls – Markets running again

The rally rolls on with no sign of ending. Volume has started to pick up along with the price action. There is a lot of economic data the rest the week including the jobs number on Friday.

No matter what you may think the markets are going higher, the data doesn’t necessarily support the rally but the seasonality does. Bottom line, don’t fight the tape.

Roll SPY and QQQ, to Thursday, IWM to Friday

All new trades have filled, AAPL has filled in the missing strikes and we closed the HD trade for a profit.

Remember to work orders to sell extra options to lock in profits, we gave the numbers on Saturday.

Rolls

  • AAPL – Buy to close 1 December 1st 192.5/187.5 Strangle/ Sell to open 1 December 8th 192.5/187.5 Strangle Credit 1.50

  • AMZN – Buy to close 1 December 1st 149/145 Strangle/ Sell to open 1 December 8th 149/145 Strangle Credit 1.70

  • TSLA – Buy to close 1 December 1st 230/200 Strangle/ Sell to open 1 December 15th 230/200 Strangle Credit 5.00 to close

  • HD – Buy to close 1 December 1st 300/280 Strangle/ Sell to open 1 December 8th 300/280 Strangle Credit 1.00 CLOSED FOR A PROFIT

  • MRNA – Buy to close 1 December 1st 74/71 Strangle/ Sell to open 1 December 8th 74/71 Strangle Credit 1.50

  • MRVL – Buy to close 1 December 1st 52/51 Strangle/ Sell to open 1 December 8th 52/51 Strangle Credit 1.00

  • MARA – Buy to Close 1 December 1st 9.5 Straddle/Sell 1 December 8th 9.5 Straddle Credit .50

  • TWLO – Buy to close 1 November 24th 57/51 Strangle/ Sell to open 1 December 1st 57/51 Strangle Credit NO ROLL YET

Exercise and Assignment

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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)

AMZN – (15.27) (Credit Collected)
Short 1 December 1st 149 Call
Short 1 December 1st 145 Put
Long 2 January 15th 150 Call
Long 2 January 15th 145 Put

NVDA – (10.14) (544.00 Credit Collected)
Short 1 December 1st 500 Call
Short 1 December 1st 450 Put
Long 1 January 15th 510 Call
Long 1 January 15th 440 Put

AAPL – (10.14) (Credit Collected)
Short 1 December 1st 192.5 Call
Short 1 December 1st 187.5 Put
Long 2 January 15th 195 Call
Long 2 January 15th 185 Put

IWM – (7.26) (160.00 Credit Collected)
Short 1 November 27th 180 Call
Short 1 November 27th 176 Put
Long 2 December 15th 182 Call
Long 2 December 15th 174 Call

SPY – (14.51) (210.00 Credit Collected)
Short 1 November 27th 453 Call
Short 1 November 27th 448 Put
Long 1 December 15th 455 Call
Long 1 December 15th 457 Call
Long 2 December 15th 446 Call

QQQ – (16.50) (510.00 Credit Collected)
Short 1 November 27th 389 Call
Short 1 November 27th 383 Put
Long 1 December 15th 391 Call
Long 1 December 15th 393 Call
Long 2 December 15th 381 Call

TSLA – (10.17) (660.00 Credit Collected)
Short 1 December 1st 230 Call
Short 1 December 1st 200 Put
Long 1 December 15th 230 Call
Long 1 December 15th 200 call

HD – (13.21) (800.00 Credit Collected) CLOSED FOR A PROFIT
Short 1 December 1st 300 Call
Short 1 December 1st 280 Put
Long 1 December 15th 300 Call
Long 1 December 15th 310 Call
Long 2 December 15th 280 call

MARA – (3.44) (300.00 Credit Collected)
Short 1 December 1st 9.5 Call
Short 1 December 1st 9.5 Put
Long 1 December 15th 10 Call
Long 1 December 15th 11 Call
Long 1 December 15th 9 Put
Long 1 December 185t 8 Put

TWLO – (6.96) (700.00 Credit Collected)
Short 1 December 1st 57 Call
Short 1 December 1st 51 Put
Long 1 December 15th 57.5 Call
Long 1 December 15th 65 Call
Long 2 December 15th 50 Put

MRVL – (9.49) (550.00 Credit Collected)
Short 1 December 1st 52 Call
Short 1 December 1st 51 Put
Long 1 December 15th 52 Call
Long 1 December 15th 57.5 call
Long 2 December 15th 50 Put

MRNA – (14.80) (1250.00 Credit Collected)
Short 1 December 1st 74 Call
Short 1 December 1st 71 Put
Long 1 December 15th 75 Call
Long 1 December 15th 82 Call
Long 1 December 15th 70 Put
Long 1 December 15th 65 Put