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 earlier, if it appears that PANW is faltering, I would send out another alert to close the position.
It hit a high of $147.38 and has just held around the price.
Go ahead to go market on your limit order.
You should be able to Sell to Close the October 6th-$145 calls for $2.00.
I don't want to run the risk of a pullback here.