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.
Mad Day Trader - Trade Alert - January 7, 2020 (FEYE)
This alert applies to you if you are still holding the FEYE position.
FEYE has made a nice run based on the international turmoil. And it has gotten a bit overbought.
I would like to take this as an opportunity to collect some call premium.
Here is the idea:
Sell to Open (1) January 17th - $19 call for every 100 shares you own.
You should be able to sell them for $0.26.
This strike is slightly out of the money and the expiration is in a week and one half.
