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.
I am going to suggest you cover the short $15.50 call that expires this Friday.
Here is how you do this:
Buy to Close the July 19th - $15.50 call for 22 cents.
This results in a profit of 26 per call position.
And it frees the stock up to sell more calls.
This alert only applies if you own SNAP shares.
