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.
FEYE is trading around $16.43 as I write this. I would like to use this as an opportunity to collect some call premium.
My suggestion today is to Sell to Open (1) September 28th - $17 call for every 100 shares you own.
These are the calls that expire next Friday.
The September 28th -$17 calls can be sold for $.33 and I suggest you collect the premium.
This alert only applies if you are long the stock.