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.
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.