Akamai Technologies Inc Option Trade Blog

Chart 1: Akamai Technologies Inc Yearly Chart

Chart 2: Quarterly Chart

Charts courtesy of StockCharts.com

Title: Akamai Technologies Inc Option Trade Blog

Blog Date: 7 Dec 06

Business Description: Akamai Technologies, Inc. provides services for the delivery of content and business processes over the Internet for different business entities. It offers services and solutions for content and application delivery, application performance services, on demand managed services, and business performance management services based on its technological platform, EdgePlatform. 

Akami Technologies sells its services and software directly and through resellers in the United States and internationally and was formed in 1998. Akami is headquartered in Cambridge, Massachusetts.

Symbol: AKAM

Option Symbol: UMUMI

Option Description: Type: Put, Expiration: Jan, Strike Price: 45

Reason for Initiation: Up-trending, up by more than 100% in 1 year, and about 20% last 3 months.

Action: Short Put (equivalent to Long Stock)

Details: Sold to open position on 20th Nov 06. Closed position on 4th Dec 06.

Result: slight +ve

Reason for Closing: Lack of strong price follow-through. 

Comments:

* Keep in view for next possible breakout.

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