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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

04/28/17 at 1:24 PM CDT

 

 

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Sentiment:

Neutral

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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