TBubba opens by framing this session honestly: it’s the slowest week of the year, sitting right before Labor Day weekend with ADP and non-farm payroll data still to come later in the week, and volume across the board reflects exactly that. The good news is that every one of his outside carryover trades has already been cashed out as a winner heading into the session, giving him a clean slate to work with even as the broader tape offers little in the way of obvious setups.
The macro conversation centers on crude oil, which had been expected by many to keep tanking but instead ripped higher over the prior few sessions following news around Venezuela. Bubba’s take is nuanced: short-term, he acknowledges the bounce, but longer-term he still believes crude is headed lower and specifically flags 90 as a level he’d look to sell if given the chance, distinguishing that view from anything he’s willing to act on in the current day-trading session given how thin volume remains.
Two new credit spreads get placed during the show. In Apple, which Bubba describes as exploding nicely to the upside, he sells the 327.50/330 call spread for roughly $1.13, choosing next-day expiration over Friday to keep the trade tighter. In Wynn Resorts, he lays out a put spread for Friday’s expiration, the official version selling the 89 put against the 90 put for a 30-cent credit, while separately disclosing that he personally took a slightly different version of the same trade, the 90/91 spread for 49 cents, making clear the distinction between what he’s recommending to the room and what he’s doing in his own account.
In another moment of transparency, Bubba discloses that he took a personal short position in IWM that morning and is currently sitting on a small loss, reiterating a theme that comes up regularly on this channel: that he’ll always share both winners and losers rather than only highlighting the trades that work. He also mentions standing short positions in the S&P, Nasdaq, and Dow carried over from prior sessions, all still profitable at the time of taping, and floats the idea of covering those shorts and banking the gains depending on how the rest of the day’s action develops.
The episode wraps with Bubba noting that an earlier, off-camera trading session that morning had already produced one winning day trade in the Russell before the live show even started, adding to what turns out to be a solid week overall once you account for the cashed-out carryover trades and the two new Apple and Wynn spreads. He closes with his usual reminders about the daily Market 120 update, his YouTube channel’s separate daily posts, and his Monday and Saturday calls, while cautioning viewers to stay careful given just how quiet and directionless the tape remains heading into the holiday weekend.
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.
