September 20, 2018 - MDT Alert (BERY)

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.

This alert applies to you if put on the September 50 call position on BERY.

This is one of those deals where we were too early on the entry.

But, with options, that is not a good thing. Having said that, we did manage to trade around the position and limit any major mage.

My suggestion is to collect what you can today.

So, my suggestion is to Sell to Close the September $50 call or $.60.

I don't want to wait until expiration day tomorrow because any pullback will affect the pricing.

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