Saturday Trades Wednesday Update 9/4/2024 – Bubba Trading

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Saturday Trades Wednesday Update 9/4/2024

Markets get Clocked Tuesday, selling continues this morning

Markets got hammered Tuesday, the selling continues this morning. The selling is good for us on the Futures/ Options trades, SPY, QQQ, and IWM

We had some rolls down on Tuesday and an opportunity to close the short Futures leaving us a freeroll on the long calls.

Roll SPY, QQQ, and IWM to Thursday

Futures Ratio Spread

Sell 6 MES Futures – 5657 – (Should be closed with big profits)
Buy to open 5 ATM Calls September 6th 561 Calls (own for free with zero risk)
Sell 6 MNQ Futures – 19590 (Should be closed with big profits)
Buy to open 5 ATM Calls September 6th 475 Calls (own for free with zero risk)

Bubba

Exercise and Assignment

Chat Room Link

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)

MARA – (5.97) (120.00 Credit Collected)
Short 1 September 6th 19 Call
Short 1 September 6th 18 Put
Long 2 October 18th 20 Call
Long 1 October 18th 17 Put
Long 1 October 18th 16 Put

QQQ – (25.77) (1600.00 Credit Collected)
Short 1 September 2nd 480 Call
Short 1 September 2nd 475 Put
Long 2 September 20th 485 Call
Long 2 September 20th 470 Put

NVDA – (21.84) (1400.00 Credit Collected)
Short 1 September 6th 130 Call
Short 1 September 6th 120 Put
Long 2 September 20th 132 Call
Long 1 September 20th 118 Put
Long 1 September 20th 116 Put

SPY – (21.83) (1600.00 Credit Collected)
Short 1 September 2nd 560 Call
Short 1 September 2nd 550 Put
Long 2 September 20th 562 Call
Long 2 September 20th 548 Put

COIN – (13.68) (730.00 Credit Collected)
Short 1 September 6th 220 Call
Short 1 September 6th 185 Put
Long 1 September 20th 220 Call
Long 1 September 20th 185 Put

SPY – (15.27) (300.00 Credit Collected)
Short 1 September 2nd 537 Call
Short 1 September 2nd 523 Put
Long 1 September 20th 539 Call
Long 1 September 20th 521 Put

IWM – (17.19) (1300.00 Credit Collected)
Short 1 September 2nd 209 Call
Short 1 September 2nd 201 Put
Long 1 September 20th 211 Call
Long 1 September 20th 222 Call
Long 2 September 20th 199 Put

QQQ – (19.51) (300.00 Credit Collected)
Short 1 September 2nd 455 Call
Short 1 September 2nd 439 Put
Long 1 September 20th 455 Call
Long 1 September 20th 439 Put

SLV – (5.22) (400.00 Credit Collected)
Short 1 September 3rd 28 Call
Short 1 September 3rd 28 Put
Long 2 November 15th 29 Call
Long 1 November 15th 27 Put
Long 1 November 15th 25 Put

By Todd "Bubba" Horwitz|2024-09-04T09:27:38-04:00September 4, 2024|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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