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Author:

breinejm

Subject:

Off Topic

Date:

05/01/18 at 3:01 PM CDT

 

 

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Sentiment:

Neutral

Reply to:

MSG`#4665,`04/26/18
By breinejm

 

Re: random stuff

infn update. I bought 1k shares yesterday to option and just now sold 10 of the May 11 calls, 12 strike at 0.75.  If it gets called, I make 9% in 11 days.  If not, I think downside is limited right now as we head into 2nd half of year and overall 5g rollout and I'll look for another chance to sell calls. 

I also bought 500 CIEN yesterday so added ~1k at ~25.33 cost average this week. Looking to option it out (Jun 1?) doing the earnings play.  If I pulled trigger right now on Jun 1 at 27 strike I'd make 10% in 1 month if they get called. Again, pretty good!  But I am waiting/hoping CIEN gets back to 26.5-27 range and then maybe I can do same with 28 strike.

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