January 11, 2019 - MDT Alert (WDC)

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.

Today I am going to suggest you book the profit on the Western Digital Corp (WDC) position.

Here is how to close the trade:

Sell to Close February 15th $40 Call for $2.21

Buy to Close February 15th $45 Call for $0.65

The credit will be $1.56, resulting in a $20 profit per spread.

If you used the suggested 8 lot, the cash return will be $160 or 15% for 
four days.

Of course, this alert only applies if you put the original trade on.