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OT - CIEN
<p>OT - CIEN - Just a note on the calls around their CC
date, which I *believe* is Mar. 6th. Stock closed today @ $23.04.
Mar. 2 calls stk 23 midpoint is about .52 cents. Mar. 9 midpoint is
$1.12 which is 4.8% yield. Typical CIEN earnings 'bump'. You can
squeeze it for a bit more if you go out a couple weeks after the
CC. I'm not sure I want to give up my stake which cost me around
$25.50, as we swing towards 2019, spending ought to pick up, esp.
some of their specific customers, if the market doesn't fall apart,
which is uncertain. PTs are consensually a good deal higher, as
they are in good graces with a good number of analysts. Might mull
buying shares and writing calls on them, except that the sector
really is terribly bi-polar in rewarding or punishing CCs these
days.</p>
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