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.
As I mentioned this morning, we need to close the DIS $107 calls that expire today.
The order will be to Sell to Close the January 25th $107 call for $4.50.
This will allow you to recoup some of the cost of the straddle.
I would rather close the position now and not run the risk of a pullback.
Leave the long puts alone as there is not value to them.
