Saturday Trades Wednesday Update 9/13/2023 – Bubba Trading

ATTENTION: Microsoft Edge browser is not supported and will result in a degraded user experience and/or inability to login. We recommend using Brave, Firefox, Chrome for the best experience.

Saturday Trades Wednesday Update 9/13/2023

Markets lower in front of CPI

Markets are slightly lower this morning in front to CPI at 8:30 EST. The number is B.S. however we don’t know how markets will react. It appears that the markets are pricing in a bad number.

Looking at markets there has been a small bias lower this week, noting t get to excited about. My guess is, no matter the number or initial reaction sellers will take charge.

ORCL got hammered on earnings with the stock dropping 15%, we rolled 1 extra Put to 110 for about a 3.00 credit. Work an order to sell the extra Put at 6.00

Cancel the new SPY and IWM trades that has not filled. You can work ROKU. We will reset the SPY and IWM later

Roll SPY, QQQ, (old and new), to Thursday, IWM to Friday

ORCL – Buy to close 1 September 15th 122/118 Strangle/Sell to Open 1 September 22nd 122/118 Strangle Credit 1.30

TWLO – Buy to close 1 September 15th 68/62 Strangle/Sell to Open 1 September 22nd 68/62 Strangle Credit 1.00

GOOGL – Buy to close 1 September 15th 138/132 Strangle/Sell to Open 1 September 22nd 138/132 Strangle Credit 1.50

AAPL – Buy to close 1 September 15th 180/175 Strangle/Sell to Open 1 September 22nd 180/175 Strangle Credit 1.60

2023-09-09 Pregame

2023-09-09 Saturday Call Recording

Exercise and Assignment

Chat Room Link

New Trades

SPY

QQQ

IWM

ROKU

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)

ORCL – (11.73) (336.00 Credit Collected)
Short 1 September 15th 122 Call
Short 1 September 15th 118 Put
Long 2 October 20th 125 Call
Long 2 October 20th 115 Put

TWLO – (6.96) (95.00 Credit Collected)
Short 1 September 15th 68 Call
Short 1 September 15th 62 Put
Long 2 October 20th 70 Call
Long 2 October 20th 60 Put

GOOGL – (9.98) (137.00 Credit Collected)
Short 1 September 15th 138 Call
Short 1 September 15th 132 Put
Long 2 October 20th 140 Call
Long 2 October 20th 130 Put

AAPL – (7.83) (360.00 Credit Collected)
Short 1 September 15th 180 Call
Short 1 September 15th 175 Put
Long 1 October 20th 180 Call
Long 1 October 20th 175 Put

GME – (5.05) (394.00 Credit Collected)
Short 1 September 15th 19 Call
Short 1 September 15th 18 Put
Long 2 September 15th 19 Call
Long 1 September 15th 18 Put
Long 1 September 15th 16 Put

TSLA – (11.44) (1463.00 Credit Collected)
Short 1 September 15th 252.5 Call
Short 1 September 15th 232.5 Put
Long 1 September 15th 255 Call
Long 1 September 15th 230 Put

GLD – (6.35) (505.00 Credit Collected)
Short 1 September 15th 181 Call
Short 1 September 15th 179 Put
Long 2 September 15th 182 Call
Long 1 September 15th 178 Put
Long 1 September 15th 175 Put

IWM – (12.10) (1350.00 Credit Collected)
Short 1 September 11th 196 Call
Short 1 September 11th 192 Put
Long 2 September 15th 198 Call
Long 1 September 15th 190 Put
Long 1 September 15th 181 Put

QQQ – (24.64) (1750.00 Credit Collected)
Short 1 September 11th 378 Call
Short 1 September 11th 366 Put
Long 2 September 15th 380 Call
Long 1 September 15th 364 Put
Long 1 September 15th 354 Put

SPY – (21.25) (1700.00 Credit Collected)
Short 1 September 11th 451 Call
Short 1 September 11th 443 Put
Long 2 September 15th 454 Call
Long 1 September 15th 441 Put
Long 1 September 15th 433 Put

RIOT – (5.18) (490.00 Credit Collected)
Short 1 September 8th 20 Call
Short 1 September 8th 17 Put
Long 2 September 15th 21 Call
Long 1 September 15th 16 Put
Long 1 September 15th 11 Put

ZM – (15.15) (1138.00 Credit Collected)
Short 1 September 8th 74 Call
Short 1 September 8th 71 Put
Long 2 September 15th 75 Call
Long 1 September 15th 70 Put
Long 1 September 15th 64 Put

DIA – (11.19) (1212.00 Credit Collected)
Short 1 September 15th 359 Call
Short 1 September 15th 351 Put
Long 2 September 15th 361 Call
Long 1 September 15th 349 Put
Long 1 September 15th 340 Put

By Todd "Bubba" Horwitz|2023-09-13T08:31:46-04:00September 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.

Thank you for visiting Bubba Trading. We use cookies to improve your experience during your sojourn, prior & future purchases, and all other interactions herein. Your continued use of the site constitutes your freely-given explicit consent to our company user policies and that you being of sound-mind understand the implications thereof. To find out more, read our privacy policy , general visitor terms of use, and/or the subscriber & customer terms of use. If you wish not to consent to said policies, you must leave the site immediately and are forbidden to return until such time as you opt to freely & explicitly consent to our aforementioned & hyperlinked policies.

Ok