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.
It’s time to play the Gilead Lotto. Earnings are out after the close today.
I’m looking at the 88 or 89 strike.
This is an all or nothing trade.
It’s either in the money after the close or you lose all your premium.
GILD is presently up almost 3% on the day. It either gaps up into tomorrow or it doesn’t.
BUY the 7 FEB 14 88 calls
The present market is 27×32
Place you order mid market
Buy 50 contracts which=a max loss of $1,500
For Glossary of terms and abbreviations click here.