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. Read more
While the Global Trading Dispatch focuses on investment over a one week to six-month time frame, Mad Options Trader, provided by Matt Buckley, will focus primarily on the weekly US equity options expirations, with the goal of making profits at all times. Read more
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. Read more
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. Read more
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.
Today I would like to make one more suggestion.
Like DIS, it does have weekly options.? And they reported a shade over a week ago.
This stock made quite a few headlines and not for good reasons.
It topped out over $260 and now trades under $20.
But I feel as if the bottom is in.
So, I am going to suggest a weekly covered call on the stock.
The stock is Valeant Pharmaceuticals Intl, Inc. (VRX).
My suggestion is to buy VRX at the market, which is $13.69 as I write this.
Then Sell to Open (1) May 26th - $14 call for every one hundred shares you buy.
These are the calls that expire next Friday.
They are quoted at $.39 to $.41.? Try and sell them for $.40.
Limit this trade to 500 shares or 6.8% of the tracking portfolio.
If the calls are assigned next Friday, the return will be 5.1% for a week and one half.
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.
As I sift through the carnage from yesterday's sell off, there is one stock that looks like it is ready for a rebound.
That stock is Disney (DIS).
Since topping out at $116.10 on the April 27th, DIS has sold off and now trades around $106.60.
From a technical standpoint, it is sitting right on its 200-day exponential moving average.
This also happens to be the lower extreme bollinger band on its 60-minute chart.
Based on this, I do expect a bounce.
DIS also has weekly options.
I am going to suggest a calendar spread.
Here is my suggestion:
Buy to Open July 2017? $105 Call for $3.60
Sell to Open May 26, 2017 $109 Call for $.23
The net debit will be $337 per spread.
The short term call will help to offset the cost of the longer term call.
Based on a fill of $337 per spread, I suggest you limit this trade to a 4 lot or 1.34% of the nominal trading portfolio.
The market appears to be holding for now, but another leg down to 2,343 on the S & P 500 could be possible.
When a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what security to buy, when to buy it, and at what price. This is your chance to ?look over? John Thomas? shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen.
When a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what security to buy, when to buy it, and at what price. This is your chance to ?look over? John Thomas? shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen.
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. Read more
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. Read more