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.
I don't like when a stock sells off like UNIT is today on no news.
I cannot find any reason why the stock is off 4.36%.
So, my suggestion is to close the position.
Sell UNIT at the market, which is 19.08. This will result in a small loss, but overall you should have made some money based on selling calls for October.
