While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, 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.
This is a situational order not a market order!
Sell 1/2 your Long 23 May 87 QQQ Put position When the QQQ trades 87.25
The idea here is to take 1/2 the trade off when the strike gets just to the money. Meaning when the QQQ trades close to 87!!!
This is when the options will be pumped up and we're unloading 1/2 the trade.
This order is Good until Canceled (GTC)
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
