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.
The first is the short $14 call on FEYE.?? FEYE sold off on the earnings report from PANW.?
As I write this, it is trading around $13.34 or about 70 cents under the strike price.? Assuming there is no late day rally, the $14 call should expire worthless today and you will book the profit on the calls you sold.
I will look to sell more calls next week.
The second position is the short $14 call on FCX.
With FCX trading a good $2 over the strike, the short calls will be assigned.
And that is what I recommend.
Usually, I do like to roll out and collect more time premium, but with the run that FCX, and the metals have made, I expect a pullback.
And I would prefer to try and enter again after some profit taking sets in.
Enjoy your weekend!
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.
My suggestion today is this ...
Sell to Close January $50 call for $2.10
Buy to Close January $55 call for $.40
You will net about $1.70 per contract on the trade.
Based on a debit of $1.25 per contract, the net result will be $45 per contract or $450 if you traded the
recommended lot size.
Book the gain of 36% for a week.
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.
As you are most likely aware, the metals, along with FCX have been on quite a run since the election.
Because of this, I am going to suggest you collect some cash against the FCX position.
My suggestion today is to Sell to Open (1) November 25th - $14 call for every 100 shares you own.
The November 25th - $14 calls can be sold for $.30 per contract.
These are the calls that expire next Friday, after Thanksgiving.
We also gain the benefit of one day premium erosion because the markets will be closed next Thursday.
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