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.
ADTN isn't getting the push up as I expected. Let's go ahead and book our profit on the deal. I am going to suggest you close the deal. We can always put it back on if the situation changes. The suggestion today is this: Sell to Open (1) August $15 call for $1.05 Buy to Open (1) August $17 call for $.35 On the suggested 12 lot, you walk away with $360 in profits. This is a 75% return for one week.
