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.
If you have followed the recent trade alerts, you would have two positions that expire today.
It is trading about 90 cents under the $14 strike, so the likelihood is that the calls will expire worthless and you will keep your stock.
You will book the profit on the calls you sold.? And I will look to sell more calls next week.
The second position is on DDD.? DDD has traded above and below the $15.50 strike price all day and is currently trading about 25 cents under it.
Leave the position alone and wait to see where the stock settles today.
If it does settle under $15.50 at today's close, I will sell more calls next week.
Enjoy your weekend!
