Dip Buying

2 stocks that I have selected for the Submarine Basket today: $AKAM $GWW

$AKAM has avoided a TL test, trying to curl up.
$GWW has seen a string of RED on the weekly chart like none I recall seeing before (over 4 months) but seeing a Doji as we close out this week.

– DM 10 am CST

My better half

I don’t talk about it much but I manage an account for my wife. Below is a list of her positions:


$AKAM cost basis: 63.7909

$AMED cost basis: 16.8999

$INTU cost basis: 89.359

$NKE cost basis: 74.2896

$OCR cost basis: 71.241

$TJX cost basis: 61.469

Options only:

$SBUX owns a July/July 02w $50 Call Calendar


Note: There are options involved with $AKAM $AMED $OCR

– DM 10:20 AM CST



Looking for a Gap Fill in Akamai

Now that earnings are past for $AKAM – and the reaction was swiftly down – I have been reviewing the chart to see what the next move will be from a probability stand point. In looking at the Daily chart, price seems quite interested in filling the Gap above:

AKAM_Gap_fillThere are several ways to play this from a Bullish perspective:

  • Long the stock, use your normal Stop setting
  • Long a Call Spread (go out to March at least, February expiration is next Friday so too close in my opinion)
  • Short a Put (or Put Spread). This lowers your cost basis for stock entry
  • Long a March/February Call Calendar