September 20, 2016 - MDT Alert (P)

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.
Pandora (P) is trading around $13.66 as I write this and the September 23rd call has lost 80% of it's value.

Based on that fact and the fact that I would not like to see the calls assigned, my suggestion today is to
Buy to Close them.

Today's suggestion is to ...

Buy to Close the September 23rd- $14 calls at $.10.

If you have to pay another nickel, I suggest you do so. But based on the current quotes you should be able to close the position for $.10.

Do this trade only if you are long the stock.

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