When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Tech Alert - Akamai Technologies, Inc. (AKAM) – EXPIRATION
EXPIRATION of Akamai Technologies, Inc. (AKAM) June 2020 $88-$93 in-the-money vertical BULL CALL spread at $5.00
Closing Trade – NOT FOR NEW SUBSCRIBERS
6-19-2020
expiration date: June 19, 2020
Portfolio weighting: 10%
Number of Contracts = 22 contracts
This was a short-term trade that Akamai (AKAM) would stay above $93.
The stock pretty much traded sideways to slightly up on its way to expiration today.
Akamai is one of my favorite second-tier cloud plays and anytime it drops down to $95 should be an automatic buy at that level.
The tech portfolio going bullish short-term has paid dividends and we will harvest maximum profits for 3 call spreads at today’s expiration, the portfolio is now up 13.78% YTD.
Here are the specific trades you need to exit this position:
Expiration of 22 June 2020 (AKAM) $88 call at…………$13.40
Expiration of 22 June 2020 (AKAM) $93 call at………….$8.40
Net Proceeds:……………………..…….……….............…….....$5.00
Profit: $5 - $4.45 = $0.55
(22 X 100 X $0.55) = $1,210 or 12.10%
