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.
Line is the ticker symbol.
Buy the Sept 28 calls for 1.30 cents. This is a mid market price.
This gives us 57 days to expiration and takes us through
their earnings on Aug. 8th.
If you prefer to own the stock trade it against today’s low.
The upside breakout is a close over 27.60
For Glossary of terms and abbreviations click here.