July 30, 2018 - MDT Alert (FEYE)

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.

Friday, as you know, the short calls expired on FEYE. I am going to suggest you sell more calls against the position.

And I am going to sell them slightly in the money.

This is for a few reasons. The first is that the market has been pulling back.

And the second reason is that FEYE reports the 1st, after the close.

And because of this, the front week options are inflated.

My suggestion today is the Sell to Open (1) August 3rd-$16 call for every 100 share you own.

They can be sold for $.70 and I suggest you grab the premium.

If cours, thus alert only applies if you own shares in FEYE.

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