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.
With the market moving higher, FEYE has bounced up to just under $14.
I would like to take this as an opportunity to sell calls against the position.
My suggestion today is to Sell to Open (1) December 16th-$14 call for every 100 shares you own.
These are the calls that expire next Friday.
They are quoted at $.34 to $.41, with the last trade at $.40.
Try to sell them for $.40 or better.
