Sumo Logic (SUMO) IPO priced at $22.  The opening indication as of this writing is $28 to $29.

Consider the following:

  • On a 10% tranche consider taking profits on the open.
  • Consider taking profits on another 10% tranche in the zone of $32 to $33.43.
  • Consider taking profits on another 10% tranche in the zone of $34.73 to $36.68.