We have been a fan of selling puts on strong stocks but this time we revisit an old and profitable friend--FireEye.
We went long calls on FEYE in this recent pullback. Specifically the $20 Strike, 2020 LEAPS. We are not entirely sure on the latest note selling for call buybacks but we do know the company is clearly doing the right things to turn profit. Also, CNBC reported:
"In March, TheStreet's sister site TheDeal reported that cybersecurity firm FireEye Inc.(FEYE - Get Report) could be an acquisition target for Cisco.?
Happy Trading...
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