Saturday Trades Wednesday Update 6/5/2024
Bulls are placing a big bet on a rate cut
Markets managed another rally on Tuesday and are higher this morning in front of ISM services and ADP Jobs. The bulls are obviously looking for bad numbers, hoping the FED will cut rates
The warped mindset of traders where bad news becomes good news. There is no way there are cuts unless we are in a recession and things are dire. However, that doesn’t matter as long as the bulls believe.
The new trades have not filled, you can work them today
On the open rolls start moving to the midpoint
Rolls
Roll SPY, QQQ, and IWM to Thursday
UPDATED and OPEN
Ratio Spread using Futures and Options
•Short 6 MES (micro-S+P) Futures 5306
•Long 5 SPY June 7th 528 Calls 3.30
Bubba
Exercise and Assignment
Chat Room Link
New Trades
MU
AAPL
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)
RIOT – (3.05) (60.00 Credit Collected)
Short 1 June 7th 10.5 Call
Short 1 June 7th 10 Put
Long 2 July 19th 11 Call
Long 2 July 19th 9 Put
MARA – (8.21) (110.00 Credit Collected)
Short 1 June 7th 22 Call
Short 1 June 7th 20 Put
Long 2 July 19th 23 Call
Long 2 July 19th 19 Put
COIN – (10.53) (350.00 Credit Collected)
Short 1 June 7th 265 Call
Short 1 June 7th 205 Put
Long 1 June 21st 270 Call
Long 1 June 21st 200 Put
QQQ – (21.27) (1180.00 Credit Collected)
Short 1 June 3rd 456 Call
Short 1 June 3rd 447 Put
Long 1 June 21st 458 Call
Long 1 June 21st 460 Call
Long 1 June 21st 445 Put
Long 1 June 21st 443 Put
ZM – (4.06) (132.00 Credit Collected)
Short 1 June 7th 68 Call
Short 1 June 7th 60 Put
Long 2 June 21st 70 Call
Long 2 June 21st 60 Put
MRVL – (12.69) (830.00 Credit Collected)
Short 1 June 7th 75 Call
Short 1 June 7th 70 Put
Long 1 June 21st 75 Call
Long 1 June 21st 78 Call
Long 1 June 21st 70 Put
Long 1 June 21st 67 Put
CHWY – (3.56) (430.00 Credit Collected)
Short 1 June 7th 16 Call
Short 1 June 7th 15 Put
Long 1 June 21st 17.5 Call
Jong 1 June 21st 22 Call
Long 2 June 21st 15 Put
TSLL – (1.79) (63.00 Credit Collected)
Short 4 June 7th 8 Call
Short 4 June 7th 7.5 Put
Long 8 June 21st 7.73 Call
Long 8 June 21st 6.73 Put
NUGT – (9.55) (500.00 Credit Collected)
Short 1 June 7th 45 Call
Short 1 June 7th 45 Put
Long 2 June 21st 45 Call
Long 1 June 21st 45 Put
Long 1 June 21st 40 Put
SPY – (22.01) (1400.00 Credit Collected)
Short 1 June 3rd 524 Call
Short 1 June 3rdt 516 Put
Long 1 June 21st 526 Call
Long 1 June 21st 532 Call
Long 2 June 21st 514 Put
GLD – (11.47) (700.00 Credit Collected)
Short 1 June 5th 220 Call
Short 1 June 5th 215 Put
Long 1 June 21st 220 Call
Long 1 June 21st 225 Call
Long 2 June 21st 215 Put
AMD – (20.52) (2050.00 Credit Collected)
Short 1 June 7th 165 Call
Short 1 June 7th 150 Put
Long 1 June 21st 170 Call
Long 1 June 21st 175 Call
Long 1 June 21st 145 Put
Long 1 June 21st 140 Put
BYND – (3.49) (480.00 Credit Collected)
Short 1 June 7th 6.5 Call
Short 1 June 7th 6.5 Put
Long 1 June 21st 7 Call
Long 1 June 21st 9 Call
Long 2 June 21st 6 Put
DKNG – (6.93) (750.00 Credit Collected)
Short 1 June 7th 44 Call
Short 1 June 7th 42 Put
Long 1 June 21st 45 Call
Long 1 June 21st 46 Call
Long 1 June 21st 41 Put
Long 1 June 21st 36 Put
