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.
BUY the November 14/16 VIX Cash Call spread for 40 cents.
This is the Bid side of the market.
We’re long a little Stock and we’re going to put on a 25% position in the spread.
We’re just looking to run this spread for a day or two if we get filled.
For Glossary of terms and abbreviations click here.