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September 19, 2016 - MDT Alert (CIEN)

MDT Alert

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.

With the market popping up this morning, CIEN has also made a nice jump and is trading around $22
as I write this.

My suggestion today is the Sell to Open (1) September 30th $24.50 call for every October $22 calls you own.

The September 30th - $24.50 calls are quoted at $.25 to $.47, with the last trade at $.36.

Try and sell them for $.36. If you get filled at $.36, you will have collected $.58 per contract against the longer term calls.

The October $22 call's cost basis will be reduced to $.81 with a maximum value of $1.50.

Based on the nominal portfolio, the sale will be 20 contracts.

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https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 DougD https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png DougD2016-09-19 10:54:352016-09-19 10:54:35September 19, 2016 - MDT Alert (CIEN)

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Link to: September 19, 2016 - MDT Pro Tips A.M. Link to: September 19, 2016 - MDT Pro Tips A.M. September 19, 2016 - MDT Pro Tips A.M. Link to: MOT Follow-Up to Webinar September 19, 2016 Link to: MOT Follow-Up to Webinar September 19, 2016 MOT Follow-Up to Webinar September 19, 2016
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