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.
AMC is trading about 50 cents higher today and the December $16 call can be closed for $.40.
My suggestion today is to Buy to Close (1) December $16 call for every 100 shares you own.
Try to buy them for $.40 or better.
This give you a profit of 80 cents per share from selling the December $16 call.
If AMC bounces as I expect, we maybe able to sell another round of calls for December.