While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to 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 would like to make one adjustment today on APA.
APA, along with oil has sold off and appears to be bouncing from its oversold condition.
I would like to use this as an opportunity to close out the long out position.
Buy to Close the October $45 puts on APA for $3.30.
The will result in a profit of 55 cents per contract.
