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. Read more
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. Read more
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. Read more
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. Read more
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. Read more
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.
Today I would like to make one more suggestion.
Like DIS, it does have weekly options.? And they reported a shade over a week ago.
This stock made quite a few headlines and not for good reasons.
It topped out over $260 and now trades under $20.
But I feel as if the bottom is in.
So, I am going to suggest a weekly covered call on the stock.
The stock is Valeant Pharmaceuticals Intl, Inc. (VRX).
My suggestion is to buy VRX at the market, which is $13.69 as I write this.
Then Sell to Open (1) May 26th - $14 call for every one hundred shares you buy.
These are the calls that expire next Friday.
They are quoted at $.39 to $.41.? Try and sell them for $.40.
Limit this trade to 500 shares or 6.8% of the tracking portfolio.
If the calls are assigned next Friday, the return will be 5.1% for a week and one half.
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.
As I sift through the carnage from yesterday's sell off, there is one stock that looks like it is ready for a rebound.
That stock is Disney (DIS).
Since topping out at $116.10 on the April 27th, DIS has sold off and now trades around $106.60.
From a technical standpoint, it is sitting right on its 200-day exponential moving average.
This also happens to be the lower extreme bollinger band on its 60-minute chart.
Based on this, I do expect a bounce.
DIS also has weekly options.
I am going to suggest a calendar spread.
Here is my suggestion:
Buy to Open July 2017? $105 Call for $3.60
Sell to Open May 26, 2017 $109 Call for $.23
The net debit will be $337 per spread.
The short term call will help to offset the cost of the longer term call.
Based on a fill of $337 per spread, I suggest you limit this trade to a 4 lot or 1.34% of the nominal trading portfolio.
The market appears to be holding for now, but another leg down to 2,343 on the S & P 500 could be possible.
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. Read more
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. Read more
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. Read more