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.
If you followed the alert from November 9th, you would be short the November 24th = $14.50 call on THC.
These are the calls that expire next Friday.
With over a week to go and a holiday next Thursday, I would ordinarily just leave the position alone.
But, THC is getting a push and I do not want to run the risk of getting assigned at $14.50.
My suggestion today is to buy them back and close the position.
Buy to Close the THC November 24th - $14.50 calls for $.15.
This will result in a profit of 20 cents per contract.
This applies if you own shares in THC.
