hungry_hippo

CIEN Gap Fill Before Earnings

Long
NYSE:CIEN   Ciena Corporation
Looks to me like it's headed for a gap fill before earnings in March. In for some March calls because other than earnings the market appears to be in a sideways chop. Look for stocks that typically rally before earnings.
Trade active:
Flipped the calls, keeping some stock in the 401k through earnings.
Comment:
Obviously closed the gap, earnings is always a crap shoot but I'm going for it.

Today would be a good exit point if you're not staying for earnings in March.
Comment:
Every day I think about selling this, and the next day it goes up. This crap is funny.

I only have 500 shares in my 401k, I'm just gonna leave it and not look at it anymore. Obviously wish I had kept the March calls a lot longer, lol.
Comment:
Still holding the shares in 401k since I doubt I get a better entry point. This one has been hard to read since it went parabolic. I might just put a stop a buck above my entry point and call it good.
Comment:
Earnings next week, bought some calls here on the dip, will add more if it drops tomorrow.

Get March 15 calls, the extra week is only $.10, lol.
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