This session opens the morning after Nvidia’s earnings report, which Bubba notes came in essentially as expected, with the stock popping roughly eight percent, right in line with what the options market had already priced into the move. Rather than treat that as a signal to chase Nvidia itself, he uses it mostly as a reminder of how efficiently options pricing tends to anticipate binary events, then moves on to reviewing the three trades carried over from Tuesday’s session: Monster, currently a small loser, and XBI and CCJ, both currently working as winners, with the net expected to be a modest profit if they all close out favorably that week.
Bubba spends real time explaining why the broader tape still isn’t offering much despite the Nvidia-driven rally, pointing again to a lack of speed and velocity across most names even as indexes push toward their highs. He walks through a long list, Apple, Amazon, Google, IBM, Meta, Microsoft, and more, finding almost nothing extended enough to qualify as a trade, while noting that the market’s attention has already shifted to the next catalyst: a speech from Fed official Kevin Warsh the following day that Bubba suspects, based on his own read, could lean negative for markets, though he’s careful to frame that as opinion rather than fact.
The one new credit spread of the session comes in Block (ticker XYZ), where Bubba sells the 87/88 call spread for 40 cents ahead of next-day expiration, explaining that while he doesn’t think the current rally is about to collapse, he also doesn’t think it has much further to run in the short term. He mentions briefly that traders who wanted to extend the position out to the following week’s expiration could do so for a slightly larger 44-cent credit, giving viewers a sense of how he thinks about trading off the same thesis on different timeframes.
The best action of the day again comes from a personal Nasdaq level Bubba watches, 29,618, which triggers twice in fairly quick succession. Each time, he buys the pop, takes a small profit as it reverses, and is candid that the wins are modest, a few dollars on the micro contract and closer to thirty on the larger contract, not enough to get excited about but consistent, low-risk gains from a level he’s tracked across several sessions. He’s careful to frame both as his own discretionary trades built on a number he’s watched work repeatedly, rather than the core day-trading system itself.
The episode closes with Bubba tallying the day: two of the three carryover trades from Tuesday still working as winners heading into tomorrow’s expiration, one fresh call spread in Block, and two small but clean scalps off his personal Nasdaq level. He wraps by previewing that Thursday’s Warsh speech could finally supply the speed and volatility that’s been missing from the tape for weeks, while reminding viewers of his Monday call and Saturday options session for anyone who wants a deeper look at how he builds these levels.
About Trading Live With Bubba
Trading Live with Bubba is a live-session show on the Tradier Hub YouTube channel hosted by veteran trader Todd “Bubba” Horwitz. Airing Tuesday and Thursday mornings, Bubba scans markets in real time, calls out credit spread and day trade setups, and teaches trading discipline through live narration.
