March 8, 2019 - MDT Alert (TSLA)

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to the 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.

With this recent selloff, I do like to hold short-dated options.

And the TSLA options expire next Friday, only a week away. I am going to suggest you close the position.

Here is how you do it.

Sell to Close March 15th $280 call for $9.60.

But to Close March 15th $287.50 call for $6.00.

The net credit will be $3.60. The overall result will be a gain of $180 for three days.

I would prefer to close the position, as opposed to keeping it

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