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.
With the nice pop this morning off the trade deals, I am going to suggest you book a quick profit on the CELG position.
Of course, this only applies if you put the alert on the 26th.
My suggestion today is this:
Sell to Close November $90 Call for $4.05
Sell to Open November $95 Call for $1.90
The net credit will be $2.08.
Based on the suggested 6 lot, the cash return will be $252 for 4 days.
It works out to a gain of 23.5% in only 4 days.
