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 would like to make one more short term covered call suggestion today.
This suggestion is on Cloudflare Inc. (NET).
NET is trading around $17.09 as I write this. And my suggestion is to buy Net at the market.
Then Sell to Open (1) January 17th - $17.50 call for every 100 share you buy.
You should be able to sell the January 10th - $17.50 call for $0.55.
Based on the nominal portfolio, I suggest you limit the trade to 400 shares or 6.8% of the portfolio.
The return will be about 5.6% if the calls are assigned in three weeks.