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 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.
I know I outlined a strategy yesterday on WDC, but quite frankly, I would prefer to take a quick profit here.
Sell to Close the August 7th-$84 calls at $1.85
and,
Sell to close the August 7th - $86 calls at $.60.
Based on these fills, you should cash out with a return of around 85% in one day.