Sell Alert: June 7, 2013
Sell Alert: June 7, 2013
Trade Details
Sell Fusion-io (FIO) June $14 Calls for $0.55 or better
Why?
While our FIO calls are technically in the money, they still have a ways to go before we’d be able to turn a profit. I do think the stock will climb to the 50-day moving average – over $15 a share – in the near future. Unfortunately, we’re out of time.
If we hold these options into next week, time decay will really start to eat away at our long premium. And then, we’d have to have the share price climb well over $15 just to break even. Let’s go ahead and sell our calls while we can preserve roughly half of our capital.
I may look at this stock again down the road as I still think there’s upside opportunity in it.
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Category: OTW Sell Alerts
