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hungry_hippo
Mar 5, 2019 2:41 PM

CIEN Update Long

Ciena CorporationNYSE

Description

Flipped the calls on open due to weak pre-market trading, looks to close the gap before heading back up. Earnings report actually looks pretty good, holding 500 shares in 401k Rollover.

LOL, already went negative while I was typing this. Long term this is a buy.

Comment

Looks to me it wants the gap just above $40. Will roll into some April calls and add some more in the 401k if it does.

Trade active

Bought some March 29 calls on the gap fill

Comment

Double bottom, not what I was looking for. Will probably dump the calls tomorrow depending on what happens.

Probably waffles around in $40 - 42 area for a couple of months, don't anticipate a double top any time soon.

Trade closed manually

Sold everything on open
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