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 I mentioned in this mornings update, the PANW $145 calls expire this afternoon.
The stock is getting a bounce off the open, so my suggestion is to place an order to Sell to Close the October 6th- $145 calls at $3.00.
If the stock follows through another 50 cents, you should get filled.
If it appears to be faltering, I will send out another alert and suggest you go to market on the limit order.
This alert applies only if you are long the October 6th - $145 calls on PANW.