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Author:

Jam ok

Subject:

Off Topic

Date:

10/06/16 at 1:02 PM CDT

 

 

READ: 4

RPLY: 0

0

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RECS:0

Sentiment:

Neutral

Reply to:

MSG`#3957,`10/06/16
By breinejm

 

Re: OT - CIEN

Jon,

Congrats - Maybe not the absolute top, but it appears that you hit a 'sweet spot' in getting .69 for your Oct stk 23 calls. Stock quickly shot up to $23.09 or so, has now retracted to about $22.50. Those calls now fetching .55 cents. I know a lot of the gain must be Piper Jaffrey's very bullish note on the sector, citing CIEN as one of the stars. But CIEN seems to be more strong than not lately. So I'm tempted, but probably will wait and see if we can get some follow-through and catch that kind of a wave again. CIEN reports on Dec. 8th, so there's plenty of time to dabble.

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