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OT - CIEN
<p>OT CIEN - has been pretty volatile for a while now.
Above 26 again now. Quick eye-glance at calls pre-earnings (Sept.
1) and post earnings (before sept 8th, likely) doesn't show
the traditional 'bump up' in what calls fetch. At least not
now/yet. If Jon pulls the trigger at some point, then so will I.
His timing has been impeccable on this stock.</p>
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Not doing anything weith CIEN atm, but note that if you believe
in LT story for INFN, you can buy right now at 11.38, sell 12 calls
expiring this Fri for ~0.50. If earnings are good and shares are
called, you make ~10% in 2 days. If it stays below 12 you pocket
the 50 cents and have the shares for longer term..
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Author:
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breinejm
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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08/02/17 at 9:43 AM CDT
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