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.
Though I structured this trade as a longer term calendar spread, I am going to suggest you close the position.
This is mainly do to the fact that APA reports next week and I would rather book a small profit ahead of earnings.
My suggestion is to sell to close the April 2016-$45 calls for $5.80
And Buy to close the November 6th-$48 calls for $.62
Based on these fills, which you should get, the total return for two days will be almost 14%.