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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

06/03/20 at 1:23 PM CDT

 

 

READ: 4

RPLY: 1

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Sentiment:

Neutral

OT - CIEN

OT - CIEN - And it just keeps on climbing to new highs. Analysts, who had been largely silent, recently came out with a slew of upgrades, the highest, I think, being a PT of $69. It's so difficult to tell how to play this - I've optioned out as much as I want on calls that surely have/will finish ITM. The thing is......NVDA looks like a very similar story - huge runup into earnings, hitting around (working from memory) $367 for the high. A 'perfect' CC, with no flaws - and the current price is about $349. So, does CIEN also have an insane run-up, a stellar CC, and a sell-off afterwards? The one difference is that NVDA has about a 30% exposure to China, and CIEN has very little. So Trump's distraction of picking new fights with China might be a factor in NVDA backing down. I will probably think long terms and not sell calls before earnings on Friday. But it's certainly tempting.

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