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Author:

Jam ok

Subject:

Off Topic

Date:

05/18/20 at 1:16 PM CDT

 

 

READ: 4

RPLY: 1

0

0

RECS:0

Sentiment:

Neutral

Reply to:

MSG`#5095,`05/12/20
By breinejm

 

Re: Sold CIEN calls

Jon,

Apparently the market is telling us we sold CIEN calls too soon. Apparently, the news today is that the virus could just...disappear, it'd be like a miracle, it could just disappear. 

Or, maybe that's our shares that will just 'disappear' at expy. 

But the wheels 'still in spin' - news and stock beta is entirely unpreditable - not to mention earnings, and outlook. IIRC, I thought some time ago CIEN warned that Corona would

have an impact on their earnings. But is it is true that their exposure to China is small, and with videoconferencing booming, their American market sales might accelerate.

Which I probably shouldn't even comment on, because who knows what happens next. I did think that selling June 12 stk $51.50's on Friday was a reasonably safe bet to pocket

the $2.09 premium.

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