AKAM – Akamai Technologies (Last:22.45)

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. ______ UPDATECancel the order for now, since AKAM hasn’t shown enough moxie lately to reach the target.