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’ve been running a small position in the Nov 14/16 VIX call spread.
Time is running out on this expiration.
Although I’m still inclined to have some downside portfolio insurance running through unemployment, we’ll take this opportunity to try and work out of this position.
Sell the VIX Nov. 14/16 call spread for 50 cents
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