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 Jim Parker, 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.
LINE 16 Dec 14 calls.
The worst might be over for this name, however I'm not willing to risk a lot of money owning it outright to find out.
The 16 Calls which expire a week from Friday could give you some cheap upside risking just over 1% if you can get some on in the 30's.
This would allow you to close your eyes and sleep after this past 5 day 40% swing.
Cancel the order to Sell Ford @ 15.40 STOP ON CLOSE.
We'll ride these into tomorrow.
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