OT CIEN options
<p>OT - CIEN</p> <p>Cien has made a nice
moderate 'comeback' from lower $20's and peeked above $23 the other
day - now down to $22.89. I'm considering writing covered calls if
it gets back above $23 again. But I haven't checked when their CC
is, as that's always the upward 'bump' in option prices, and where
I (and I'd guess with a higher load - could be wrong) have finished
OTM a couple of times already. If their future is bright, and
the CC goes well, I might consider buying more shares to option
out. I *think* ATT is a big customer - which isn't necessarily good
- they're wringing every cent out of their current structure, while
lying about what it can do. But given that ATT is talking 5g, may
CIEN is in a comfortable position if they can give positive
guidance. Sector taking somewhat of a beating today (INFN down
almot 3%) because.....</p>
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