I'll just give you the "facts" on this one ...

AKAM – Akamai Technology on February 6 trading at $33.54.  Earnings Wednesday, February 8 (AC).  Average move on earnings 11.7% = $3.95, 9.1% priced in.  IV at 59, low 45.  No weeklies available, $4 – 6 move last 4 earnings.  March 33/34 strangle for $4.32.  With IV drop to 45, B/E 29.63 – 36.74, rough risk $1.09.  Exit – Thursday, February 9 in the AM.  Thursday, February 9 AKAM trading at $38.28, spread worth $4.96 (.26 + 4.70).  Gain of $.64, ROI 15%.

Shaping up to be yet ANOTHER stellar week at ETNtrade...Winning!

~DanTrader 

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