OT - CIEN

CIEN has announced their CC will be June 2nd. It continues to move without any reason I can see - yesterday up substantially, today down by about the same amount (~ -.57 for the low). The covered call options for June 17th stk 16 are yielding about 5% at the moment. it's tempting, given that I thought they were beat down enough at $16.70, never mind 15.70. (I wonder if today's slide is in reaction to CSCO's good results? who knows?)

Except that CIEN has disappointed for at least the last two quarters, and the market apparently doesn't have much patience for the sector. It's tempting but....I'll have to think about this.

And BTW - the announcement of the Google VR trajectory again implies increased bandwidth use. I continue to 'not get' it: I thought they were stretching the capabilities of existing hardware with current demand. Somehow, they keep dragging that time period and load greater. What capex delaying means are left to them? Throttling you down to a megaphone if you exceed 500mb on your smartphone?