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Author:

Jam ok

Subject:

Off Topic

Date:

08/10/15 at 2:14 PM CDT

 

 

READ: 7

RPLY: 2

0

0

RECS:0

Sentiment:

Neutral

OT - CIEN option

OT - CIEN - I was looking at option plays. CIEN is current $23.50, and the Sept. 11th covered calls stk. 23.50 have a $1.35, or a bit more than 5% premium for 33 days of exposure. Not an astounding play, but not bad. CIEN has moved downward since the CC, altho that CC was quite good and resulted in positive analyst commentary and reaction. As per standard with the sector, it tends to be volatile. But I'm mulling it - in the long run, it's a good company in a sector with secular growth inevitable. I do own a bit of non-trading shares otherwise.

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