AKAM – Akamai Technologies (Last:21.56)

A Motley Fool e-mail promotion that I received yesterday piqued my interest in this former “cloud” computing hottie, which they rate as the best investment opportunity since Microsoft went public.  Coincidentally, AKAM’s recent high at 23.58 created a “camouflaged” impulse leg that looks tempting to buy. Since the stock has already tripped a buy signal for a ride to as high as 24.67 over the near term, let’s try a modest speculation by bidding 0.90 for four August 25 calls (UMUHE), good through Thursday.  Our bid is a nickel off recent lows, and I would not advise paying up. _______ UPDATE: We bought the calls for 0.90. Our strategy will be to spread off the risk if and when AKAM rallies, but for now sit tight.