VMWARE and EMC

EMC A 22.5 calls are up 24.24%. The portfolio owns 4  EMC calls.   Yesterday, VMWare missed numbers but today Goldman added VMWare to its  Conviction List.  Today EMC beat analyst numbers.  EMC owns 80% of VMWAre. Storage is a prime-time growth area of tech and we are going into the tech season.

These CALLS are at $22.50 for January expiration.  With expenses, the base is $2.7.  I will watch for its action.  Currently, I have them for sale at $4.  The Market is currently paying $2.

 

 

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