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 more adjustment today on APA position.
It appeared that we would get a bounce in oil, but it is now selling back off after this mornings move.
I am going to suggest you sell a round of calls against the long position.
My suggestion is to Sell to Open (1) October $52.50 call at $1.10 for every 100 shares you own.
