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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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