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 am showing a quote on the Apple February 5th - $97 calls at $.80 to $.82 cents.
Let's take the profit today instead of holding the position until tomorrow.
Based on a buy at $.44, your profit will be $.36 or 81%.
On a 5 lot that works out to be a profit of $180 overnight.