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 Jim Parker, 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.
We were stopped out of half our remaining Long AAPL position today @ 559.
Those of you Long the DEC 27 540 calls, you should have sold another piece around 24.
This leaves us with a small core position with a break even stop.
Not all of you will want to take delivery on the Stock since it requires a lot of capital.
Next week we’ll take a look at selling the remaining 540’s and buying something that expires in late January at a higher strike.
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