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Offer extended through Friday (9/3).
After exiting half of our remaining position at 22.45, we hold a round lot whose costs basis has been reduced by profit-taking to 11.01. Let’s continue to have fun with this one, shorting one November 24 call (UMUKZ) for 1.05 or better, good-till-canceled. The offer is based on a 24.47 rally target being reached by Monday or Tuesday. I’ve included a snapshot of an option calculator that shows how fair value for the calls was determined. ______ UPDATE: Cancel the order for now, since AKAM hasn’t shown enough moxie lately to reach the target.
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