October 15, 2015 - MDT

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.

Today, I would like to make another adjustment on the NCR position.

If you followed the alert from last week, you would have sold the January $32 call on NCR.

I suggest you Buy to Close that position.

You should be able to close them for $.30, giving you a 55 cent profit per share.

This will bring the debit up to $.90, however, you will have unlimited upside.

If NCR does continue up, I will most likely suggest you sell the out of the money calls again, with an objective to bring the postion cost to zero.

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