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.
This alert applies to you, if you still own shares in GOGO.
GOGO is trading just under $18 as I write this.
I would like to suggest that you collect some call premium on the stock.
My suggestion to Sell to Open (1) December 18th - $20 call for every 100 shares you own.
They can be sold for $.30 and that is what I suggest you do.
The December 18th call are the monthly calls.
The weekly average true range is about $1.80, so it possible these calls could be assigned if GOGO moves that distance.
However, as the premium represents all time value, if GOGO does not reach $20 by the third Friday in December, the premium will melt away.