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.
It looks like the $15.50 calls that expire this Friday can be sold for $.25.
And that is what I suggest you do.
Sell to Open (1) December 23rd-$15.50 call for every 100 shares of DDD you own.
This will bring, to date, a total of 49 cents of call premium collected.
If the calls are assigned this Friday, the return will be 5.5%.
