Ciena (CIEN) calls were actively traded Monday. Shares slipped 38 cents to $10.83 and total options volume rose to 8X the normal levels. There was no obvious company specific news to explain the action, but it was decidedly bullish. 29,000 calls and 2,000 puts traded. A lot of the volume was concentrated in June 12.5 calls, where nearly 25,000 contracts traded or about 60X the existing open interest. In addition, with about 68 percent of the volume hitting ask-side, it appears that buyers were dominating the action and positioning themselves for a rally in shares of the network-equipment maker.
What should we do? We can trade stock
QQQ said... April 28, 2009 9:57 AM
CIEN start 1/3 or 1/2 position here at 10.9, set stop 10.5,
QQQ said...
on CIEN, 200ema is at 11.49. and there is slightly negative divergence, if it can pass 11.49, this negative divergence won't count, otherwise, it is likly go with the rest of Q's until news, etc. hit.. that tells why yesterday those option trades did
note here Q's means QQQQ
QQQ said... April 28, 2009 2:34 PM
CIEN finally passed 200ema, now we can move stop to 11.10
QQQ said... April 29, 2009 11:38 AM
CIEN is build up an acsending triangle here, if it gets volume and breaks HOD, it will break the triangle UP, move my stop to 11.40 now.
QQQ said... April 29, 2009 1:31 PM
CIEN is at 11.80, move stop to 11.50, also my trading rule says if I have a stock that moves 10% 1-2 days after I enter, I will exit 1/2 and take that 10% profit.
QQQ said... April 29, 2009
I stopped out at 11.55 from 10.91 entry. will look for buy back.
We also can trade option
TA_Wahaa said...
I sold June $10 put at $1 (cien), small amount)
QQQ said...
Wahaa sold puts, she is super bullish on CIEN bet it will never go down below 10.
TA_Wahaa said...
It also means that I'm willing to become a owner if it drops under $10 by June. My average cost will be $9 a share.
TA_Wahaa said...
I'm closing CIEN put. (Sold it at $1, now try to buy back at $0.55)，I don't want a winning position become a losing one.
laogua said...
欲知后事如何，请看...(话还没说完，被众青蛙扔鸡蛋无数)
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