Friday, December 1, 2006

Sold Aug 30 Call for AKAM

Akamai (AKAM)

I've sold a covered call on 100 shares of AKAM for $90

I plan to hold on AKAM but $30 is almost a 30% increase in price and I don't think that increase is likely within the next 7 months.
If AKAM does increase to reach 30 and the call is exercised, I'll still have some shares left and would probably buy some more on the way up to 30.

I am evaluating the option of writing covered calls on PDLI as well