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.
Apple is trading just over $13 as I write this and the $12 call is just over $1 in the money.
My suggestion is to go to a market order on the $2 day order I suggested earlier.
You should be able to close them for $1.
If you enter it as a separate order, please be sure to cancel the order you placed earlier.
