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The Hidden Pivot Webinar.
Offer extended through Friday (9/3).
We hold a round lot of stock whose cost basis has been reduced to 11.01 by the sale of options over time. With AKAM approaching a Hidden Pivot resistance at 28.49, let’s plan on shorting a March 28 call if and when the stock gets within 0.05 points of the target. Mark the order good through Thursday. ______ UPDATE: The stock popped to 28.75, allowing us to short the call against our stock for 0.94 before AKAM receded 72 cents. Do nothing further for now. _______ EXPIRATION UPDATE: We let our stocks get called away at expiration for an effective 28.94, yielding a theoretical gain of of nearly $1700 per round lot. We can start anew if another great opportunity presents itself.
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