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 Jim Parker, 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.
BAC March 14 Calls...Trade Alert!
We bought these calls a couple of weeks ago @ .11 cents.
They have since gone to zero and we might stand a chance at getting most of our premium back.
Sell the Calls @ the market when BAC trades 17.95-18.00
If this level is not achieved today before 3:45 EST, Investors not wishing to be assigned the Stock should sell before 3:45 EST today!
This is when the Calls will be @ the money and we will have the best opportunity to recapture the most amount of premium without taking delivery of the stock.
You are liquidating this position either way.
It's only a matter of price and time!!!
January, 2014 MediumTerm Outlook-1st-qtr-2014/
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