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.
UNIT reports this Thursday, after the close. And quite frankly, if the front month options carried a better premium I would suggest you sell calls against the long stock position.
However, that not being the case, I am going to suggest you sell the position.
Sell your UNIT shares are the market, which is $18.76 as I write this.
This will give you a gain of just over 10% on the stock.
This is exclusive of call premiums collected of 35 cents per share and two quarterly dividends worth $1.20 per share.
Depending upon how UNIT trades off earnings, we can always put the position back on.