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.
We’re Long the 85 4/2/15 Calls
They are currently trading near our entry level of .49.
I tried to use leverage on this one. It would have been better to just own the instrument.
SELL 20 Calls as best you can to reduce our exposure.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.