TTWO
Board Highlights
Message List Post Message Reply to
this Message

MSG # GO



Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

05/07/20 at 2:51 PM CDT

 

 

READ: 4

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#5091,`05/07/20
By breinejm

 

Re: Sold CIEN calls

Jon,

Dammit - I thought we were going to 'link accounts' so mine would auto-fire when your magical luck on options timing kicked in. (Actually, I'm quite grateful for you posting your trades.

I thought yesterday when it was in the $45's to buy back the few shares I optioned out at stk $48 for May 22nd. I've been hoping that we might see $49 again, at which I'd be delighted to sell $50 calls for either May 29th or.........do a strike after earnings. I once got slightly burned with that strategy, as CIEN was rising in the week before earnings, so the shares got called away and  weren't available for the 'premium bump' CIEN always shows with earnings.

And on the other hand.....in this market, the strong just keep getting stronger. The concentration of wealth in stocks least affected by the virus, and with strong balance sheets (for which CIEN may qualify) just keep rising, while the 'losers' (banks, travel, entertainment, etc.) certainly have the short end of the stick. Long term, I start wondering whether CIEN might be a long term hold with a substantial bet placed on it. 

Copyright 2014 All Rights Reserved; Patent Pending