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.
If you followed the alert from Wednesday, you should be long the $112 and $116 calls that expire today on Apple.
My suggestion is to place a day order to Sell to Close the $112 calls at $2.00.
If Apple spikes up another point or so, you should get filled.
We will need a serious rally for the $116 calls to have any value.