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Loser: 11.11% Loss On AKAM Put Options

|Includes: Akamai Technologies, Inc. (AKAM)

Yesterday we sold our AKAM 21MAY17 65 Put Options for a loss of 11.11% on the trade.

We recommended going SHORT Akamai (NASDAQ:AKAM) in our SA Article: Avoid Akamai, published on February 9, 2017.

Yesterday the stock closed above our revisedstop-loss exit price of $64.00 (original stop-loss was set at $66.50 but revised lower due to price action of shares), so we closed the position. Trading leveraged options without a stop-loss is like sky diving without a parachute.

The current directional allocation for our CMPro Portfolio stands at: LONG 9%, SHORT 9%, CASH 82%.

Real-time trade alerts will be available in our soon to be launched service ChartMasterPro.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.