Closed my position of 220 June 10 calls today at $2.50.
Recall last month I said I have 120 May 10 calls, bought a $4. Well, I took a wallup and rolled over what I had into the Junes.
Still bullish on the stock and still own shares, but I think that after two conference calls and strong upticks in the major indices, the stock looks tired, at least for now.
Today, the employment news wasn't good, and I think eventually the market might turnover a bit on concern on weakening earnings.
...and if the damn Fed raises interest rates in June, we'll have a correction.
Not to bearing on Arris, but need to close a short-term position. Whew.