While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to the six-month time frame, Mad Day Trader, provided by Bill Davis, will exploit money-making opportunities over a brief ten minute to three-day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
Today, I am going to suggest you sell calls against the FEYE position.
FEYE is trading around $17.02 as I write this.
My suggestion today is to Sell to Open the March 29th - $17.50 call for every 100 share you own.
You should be able to sell them for $0.25 and I suggest you collect the cash.
This will bring the call premium collected on this position to $0.55 per share.