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 Jim Parker, 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.
Closing Trade!
SELL 15 VGK ? 4/17/15 Calls @ .33 cents.
These options are pretty wide, however I want to exit this trade by the close today.?
You'll have to work this order. GIVE YOURSELF SOME DISCRETION IN EXITING.
The last trade was .34 cents early A.M.
My goal here is to just give back a few ticks plus the commissions and look for another instrument to play later in the week.
There is no reason to sit with these until the end of the week and watch the premium erode.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
