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 would like to make a suggestion on a retailer.? The company is Ascena Retail Group, Inc.(ASNA).
Buy ASNA at the market, which is $14.20.
Then Sell to Open (1) October $15 call for every 100 shares you buy.
You should be able to sell them for 30 cents.
If the calls are assigned next week the return wil be 7.7% for a week an a half.
Use a full allocation or 700 shares.
