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.
Since reporting last week, FEYE has made a nice run.
However, I believe it got ahead of its itself too much and a short term pullback should be expected.
As a result, I am going to suggest you use this recent run as an opportunity to sell calls.
My suggestion today is to Sell to Open (1) May 12th - $14.50 call for every 100 shares you own.
The May 12th-$14.50 calls are quoted at $.31 to $.35.
Try and sell them for $.31.
Assuming a fill at $.31, you will have collected $2.12 per share in option premium.