Saturday Trades Wednesday Update 12/13/2023 – Bubba Trading

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Saturday Trades Wednesday Update 12/13/2023

FED DAY, Markets higher

Santa continues to be delivering for the bulls. We are witnessing the rally that will not stop. Under all he circumstances this is rare that this rally continues at this pace.

With the FED meeting today, we could see anything. It appears the FED has priced in rate cuts and other good news, we will see and then react.

JPM filled

You can still work GS

Roll SPY, QQQ, to Thursday, IWM to Friday

Work new trades again today

Rolls

CHWY – Buy to close 1 December 15th 18 Straddle/ Sell to open 1 December 22nd 18 Straddle Credit 1.00

TSLA – Buy to close 1 December 15th 255/225 Strangle/ Sell to open 1 December 22nd 255/225 Strangle Credit 3.00

MU – Buy to close 1 December 15th 76 Straddle/ Sell to open 1 December 22nd 76 Straddle Credit 2.10

NVDA – Buy to close 1 December 15th 500/450 Strangle/ Sell to open 1 December 22nd 500/450 Strangle Credit 4.00

AAPL – Buy to close 1 December 15th 192.5/187.5 Strangle/ Sell to open 1 December 22nd 192.5/187.5 Strangle Credit 1.60

AMZN – Buy to close 1 December 15th 149/145 Strangle/ Sell to open 1 December 22nd 149/145 Strangle Credit 1.77

Exercise and Assignment

Chat Room Link

New Trades

JPM

GS

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)

TSLA – (15.70) (400.00 Credit Collected)
Short 1 December 15th 255 Call
Short 1 December 15th 225 Put
Long 1 January 15th 255 Call
Long 1 January 15th 225 Put

CHWY – (5.41) (225.00 Credit Collected)
Short 1 December 15th 18 Call
Short 1 December 15th 18 Put
Long 1 January 15th 17.5 Call
Long 1 January 15th 20 Call
Long 2 January 15th 17.5 Put

MU – (9.57) (100.00 Credit Collected)
Short 1 December 15th 76 Call
Short 1 December 15th 76 Put
Long 2 January 15th 77.5 Call
Long 2 January 15th 75 Put

AMZN – (15.27) (3.45 Credit Collected)
Short 1 December 15th 149 Call
Short 1 December 15th 145 Put
Long 2 January 15th 150 Call
Long 2 January 15th 145 Put

NVDA – (10.14) (1076.00 Credit Collected)
Short 1 December 15th 500 Call
Short 1 December 15th 450 Put
Long 1 January 15th 510 Call
Long 1 January 15th 440 Put

AAPL – (10.14) (310.00 Credit Collected)
Short 1 December 15th 192.5 Call
Short 1 December 15th 187.5 Put
Long 2 January 15th 195 Call
Long 2 January 15th 185 Put

IWM – (7.26) (910.00 Credit Collected)
Short 1 December 11th 180 Call
Short 1 December 11th 176 Put
Long 1 December 15th 182 Call
Long 1 December 15th 188 Call
Long 2 December 15th 174 Put

SPY – (14.51) (910.00 Credit Collected)
Short 1 December 11th 453 Call
Short 1 December 11th 448 Put
Long 1 December 15th 455 Call
Long 1 December 15th 460 Call
Long 2 December 15th 446 Put

QQQ – (16.50) (1210.00 Credit Collected)
Short 1 December 11th 389 Call
Short 1 December 11th 383 Put
Long 1 December 15th 391 Call
Long 1 December 15th 393 Call
Long 2 December 15th 381 Put

MARA – (3.44) (515.00 Credit Collected)
Short 1 December 15th 9.5 Call
Short 1 December 15th 9.5 Put
Long 1 December 15th 10 Call
Long 1 December 15th 9 Put
Long 1 December 185t 8 Put

TWLO – (6.96) (1050.00 Credit Collected)
Short 1 December 15th 57 Call
Short 1 December 15th 51 Put
Long 1 December 15th 57.5 Call
Long 2 December 15th 50 Put

MRVL – (9.49) (850.00 Credit Collected)
Short 1 December 15th 52 Call
Short 1 December 15th 51 Put
Long 1 December 15th 52 Call
Long 1 December 15th 57.5 call
Long 2 December 15th 50 Put

MRNA – (14.80) (1600.00 Credit Collected)
Short 1 December 15th 74 Call
Short 1 December 15th 71 Put
Long 1 December 15th 75 Call
Long 1 December 15th 70 Put
Long 1 December 15th 65 Put

By Todd "Bubba" Horwitz|2023-12-13T09:04:48-05:00December 13, 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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