Akamai's most recent trend suggests a bearish bias. One trading opportunity on Akamai is a Bear Call Spread using a strike $98.50 short call and a strike $104.00 long call offers a potential 34.15% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $98.50 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $104.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Akamai is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Akamai is bearish.
The RSI indicator is at 28.83 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Akamai
Understanding Akamai Technologies's Unusual Options Activity
Wed, 24 Feb 2021 14:50:24 +0000
Akamai Technologies (NASDAQ:AKAM) shares experienced unusual options activity on Wednesday. The stock price moved up to $97.9 following the option alert. Sentiment: BULLISH Option Type: SWEEP Trade Type: CALL Expiration Date: 2021-02-26 Strike Price: $97.50 Volume: 0 Open Interest: 85 Three Signs Of Unusual Options Activity Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it. Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset. Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being “out of the money”. This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. Understanding Sentiment Options are “bullish” when a call is purchased at/near ask price or a put is sold at/near bid price. Options are “bearish” when a call is sold at/near bid price or a put is bought at/near ask price. Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account. For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts See more from BenzingaClick here for options trades from Benzinga12 Information Technology Stocks Moving In Wednesday's Intraday SessionBenzinga's Top Ratings Upgrades, Downgrades For February 10, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Akamai Technologies To Host 2021 Investor Summit On Thursday, February 25, at 8:30 a.m. ET
Tue, 23 Feb 2021 21:01:00 +0000
Akamai Technologies, Inc. (NASDAQ: AKAM), the world's most trusted solution for securing and delivering digital experiences, will hold a virtual Investor Summit on Thursday, February 25, 2021.
Akamai Stock Is Sliding After Earnings. Slow Growth, More Competition Are Problems.
Wed, 10 Feb 2021 16:53:00 +0000
There is disappointment with Akamai’s outlook for its security business, and worry over prospects for content-delivery-network customers hit by the pandemic.
Why Akamai Stock Tanked Today
Wed, 10 Feb 2021 16:52:00 +0000
Shares of Akamai Technologies (NASDAQ: AKAM) tanked today, down by 12% as of 11:15 a.m. EST, after the company reported fourth-quarter earnings. The results topped expectations, but Akamai also announced a corporate reorganization. “I am very proud of how the Akamai team supported our global customers and billions of internet users who relied on the internet more than ever before during the COVID-19 pandemic,” CEO Tom Leighton said in a statement.
Akamai's (AKAM) Q4 Earnings and Revenues Beat Estimates
Wed, 10 Feb 2021 14:34:02 +0000
Akamai's (AKAM) Q4 performance reflects continued growth in internet traffic and robust adoption of cloud security solutions amid increasing instances of cyber-attacks.
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