Rolling Sourcefire Protected Covered Call For Increased Potential Return
By Mike Phillips:In a previous article related to Sourcefire (FIRE) posted on April 19, 2012, a protected covered call was considered for the company, as the company's earnings call was fast approaching. The protected covered call position mentioned in the article enabled an investor to protect a position in Sourcefire, in case the company reported some bad news, yet remain positioned for generating a profit. Bad news was not expected from the company, but an investor can never be sure, unless they have some inside information.Sourcefire markets a variety of products based upon the needs of its customers. Sourcefire provides physical solutions for appliance, virtual solutions and cloud-based. Sourcefire's founder and CTO, Martin Roesch, developed Snort® in 1998 for intrusion detection. Snort is the most widely used intrusion detection and prevention technology on a global basis. Where Snort's capabilities end, Sourcefire's other product offerings take over by providing advanced security productsComplete Story »
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