Akamai adds 74 cents to $37.26 and an Aug 35 – 40 call spread is apparently sold on the stock at $2.42, 3604X. The spread likely rolls a position opened on Friday the 13th last month, when 3604 Aug 35 calls traded on the $3.55 bid. Shares are up 15.2 percent since that time and the 35s are being bought back for $5.30. A new position opened in the out-of-the-money Aug 40 calls at $2.88 — perhaps an adjustment to an overwrite strategy on the Cambridge, MA Internet company.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.