March 16, 2015 - MDT - Midday Missive

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.

OIL...April expires Friday the 20th. At his point it would be hard to imagine customers taking delivery of contracts with storage so tight.

Hitting the high 30's by Friday seems feasible.

On the next 80 cent rally I'll be looking at adding the 3/27/15 16 or 15.50 USO puts for month (QTR) end trade.

Biotech...has been a big opening range trade today.

JUNO reports earnings tomorrow.

The 3/20/15 55 calls (the weekly expiration) are worth a look on a pullback today, however looking at the price action of the past 45 minutes I'm not the only one with that idea.

EURO...no change. The stops are over 106.50.

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