We have action to take on a trade in our Weekly Wrap that has come down to the wire. Shares of Aruba Networks (ARUN, $21.45, up $0.85) are surging again today and have been all week.
We recommended a LEAP option trade back in October that has struggled but we stuck with the chart and said to stay long. We can now take a slight profit. We used the breakout to play near-term options for our Daily that has handed us a sweet triple-digit return so our patience has been rewarded.
Subscribers, check the Weekly Wrap Premium section/ Members Area for the update and we will be back shortly with our midday Daily report.