Saturday Trades Wednesday Update 7/24/2024
Markets under pressure – we will still sell rallies
After Monday’s rally and Tuesday’s attempt to rally, markets are under pressure. We expect this continue and are willing to sell any rally attempt. It appears that markets are headed lower
Roll SPY, QQQ and IWM to Thursday
All of the new orders should have filled as well as many of the rolls at mid +. If you did not fill on TSLA, cancel. Earnings were yesterday
Work the rolls at mid + 10%
If you are in the Futures/options ratio spreads, you can lift the future(buy back and lock in a profit. You can hold the calls, closing the trade or sell them giving a larger profit.
If you are still in the SPY/MES trade there is nothing to do. On both you can sell the futures on the open and buy the ATM calls
UPDATED
•Short 6 MES (micro-S+P) Futures 5667
•Long 5 SPY July 26th 548 Call
New Trade using MNQ and QQQ
•Sell 6 MNQ September Futures 19955
•Buy 5 QQQ July 26th 481 Calls 5.45
Bubba
Exercise and Assignment
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New Trades
AAPL
IWM
MARA
MSFT
TSLA
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)
SPY – (18.80) (1145.00 Credit Collected)
Short 1 July 22nd 557 Call
Short 1 July 22nd 564 Put
Long 2 August 16th 566 Call
Long 1 August 16th 555 Put
Long 1 August 16th 548 Put
QQQ – (24.80) (1145.00 Credit Collected)
Short 1 July 22nd 501 Call
Short 1 July 22nd 492 Put
Long 2 August 16th 505 Call
Long 1 August 16th 490 Put
Long 1 August 16th 475 Put
IWM – (11.80) (845.00 Credit Collected)
Short 1 July 22nd 215 Call
Short 1 July 22nd 211 Put
Long 1 August 16th 217 Call
Long 1 August 16th 227 Call
Long 2 August 16th 209 Put
NUGT – (11.90) (145.00 Credit Collected)
Short 1 July 26th 49 Call
Short 1 July 26th 45 Put
Long 2 August 16th 50 Call
Long 2 August 16th 44 Put
AAPL – (17.43) (345.00 Credit Collected)
Short 1 July 26th 235 Call
Short 1 July 26th 225 Put
Long 2 August 16th 235 Call
Long 2 August 16th 225 Put
SLV – (5.22) (50.00 Credit Collected)
Short 1 July 26th 28 Call
Short 1 July 26th 28 Put
Long 2 November 15th 29 Call
Long 2 November 15th 27 Put
MRNA – (20.12) (780.00 Credit Collected)
Short 1 July 26th 125 Call
Short 1 July 26th 110 Put
Long 1 August 16th 125 Call
Long 1 August 16th 130 Call
Long 2 August 16th 110 Put
CHWY – (7.17) (345.00 Credit Collected)
Short 1 July 26th 27 Call
Short 1 July 26th 26 Put
Long 2 August 16th 27.5 Call
Long 2 August 16th 25 Put
NVDA – (24.77) (1400.00 Credit Collected)
Short 1 July 26th 129 Call
Short 1 July 26th 123 Put
Long 1 August 16th 130 Call
Long 1 August 16th 136 Call
Long 1 August 16th 122 Put
Long 1 August 16th 118 Put
ROKU – (13.10) (545.00 Credit Collected)
Short 1 July 26th 62 Call
Short 1 July 26th 58 Put
Long 2 August 16th 65 Call
Long 2 August 16th 55 Put
GLD – (10.24) (1075.00 Credit Collected)
Short 1 July 24th 215 Call
Short 1 July 24th 215 Put
Long 1 August 16th 220 Call
Long 1 August 16th 225 Call
Long 2 August 16th 210 Put
