May 4 • General discussion
MITK
Last Friday we purchased shares of small cap Applications software company , Mitek systems. We purchased 1000 shares for $14.58. We believe the company is in the beginning of a breakout, with bullish price-volume correlation. We noticed they have earnings this Thursday May 7th after market close. So this morning we sold 10 contracts, of the May 8th expiration , $17.5 strike for $59 a contract , we collected $590. Will update this trade on Friday.
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MITK
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