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.
Like the market overall, DIS is pulling back a bit more than I expected.
And quite frankly, the weekly options seemed really low priced compared to the longer term options.
As a result, I am going to suggest you sell your position.
The June $105 calls are going for $3.80. My suggestion is to sell for that.
It will produce a small profit on the position. And with the short call we collected last week, the overall gain is about 12%.
If it continues to pullback, it will put is a position to reenter this trade.