With the sell off today and the fact that I suggested short dated options on the MKC trade, I am going to suggest you close the position and recoup some cash. Here is how you close the trade on MKC. Sell to Close June 19th - $175.00 call @ 1.50 Buy to Close June 19th
The PRA suggestion was never intended to be a long term hold, but rather a quick swing trade. And as such, I am going to suggest you take your profit on the position. Sell PRA at the market, which is $15.90. Based on a purchase price of $14.27 four days ago, the return will be
I am going to use today's gap to suggest you book the profit on the AGNC position. AGNC is just under the midband on the daily chart and above the upper band on the 60 minute chart, which suggests it maybe near a short term top. And when I suggest a position and it moves
Today I would like to make another recommendation on a stock that does have weekly options. And I want to suggest a weekly covered call. The stock is Harley Davidson Inc. (HOG). HOG had traded as low as $15 per share and is now trading at $21.70 as I write this. I would like to
Today I would like to make a recommendation on a stock that does have weekly options. And I want to suggest a weekly covered call. The stock is Clovis Oncology, Inc. (CLVS). CLVS was a former high flyer trading as high as $100 per share. It now trades for less than $10 per share. But,
While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to a 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 a stock recommendation. The company is United Natural Foods, Inc. (UNFI). UNFI does not have weekly options, only monthly, but I am not going to suggest a covered call just yet. Buy UNFI at the market, which is $10.80. Based on the nominal portfolio, limit the trade to 400
AGNC is trading around $12.27 as I write this and I suggested you sell the $13 call against the position that expires this Friday. I don't want to run the risk of losing the stock at $13, so I am going to suggest you close the position. You close the short call by buying it
While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to a 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.
Call me a nervous Nelly or call me what you want, but when I see a spike and gap in a stock I just suggested yesterday, I am hard pressed not to book the profit. So, I am going to suggest you close the KRO position. Sell KRO at the market, which is $9.00. Based