While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to the 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 know we have over a week of time on the SNAP deal I suggested yesterday, but the position can be closed for an overnight profit of 42%.
Let's go ahead and book the profit.
Here is how you close it:
Sell to Close December 20th - $14.00 call for $0.62
Buy to Close December 20th - $15.00 call for $0.14
