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.
Because SNAP reports tomorrow after the close, the front week options are highly inflated.
I would like to use this as an opportunity to collect some call premium.
Here is the suggestion:
Sell to Open July 22nd - $14.50 call for $0.84.
Sell one call for every 100 shares you own.
This alert only applies if you own the shares in SNAP.
Assuming you collect $0.84 cents for the $14.50 calls, it will mean you will have collected $3.47 per share if you follow all the alerts.
