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.
Time to book profits on SBH. My suggestion today is to sell SBH at the market, which is $20.27 as I write this.
They do report next week and I do not want to hold through earnings.
This results in a gain of about 5.5% for 16 days. Plus, you booked another 1.5% by selling the July $20 calls.