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 a suggestion on a stock that does have weekly options. And they don't report until November 7th.
That company is Tenet Healthcare Corp. (THC).
THC is trading around$14.63 as I write this. My suggestion is to buy THC at the market.
Then Sell to Open (1) October 20th $15 call for every 100 shares you buy.
The October 20th - $15 calls are quoted at $.30 to $.50, with the last sale at $.40.
You should be able to sell them for $.40.
If the calls are assigned next Friday, the return will be 5.3% for one and half weeks.