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Monday, September 6, 2010

CIEN - Earnings Straddle for Sept 8














CIEN 13.00 Call Oct 16, 2010 1.06
CIEN 13.00 Put Oct 16, 2010 0.76

Planned Purchase for Sept 07, 2010; limit Friday's closing price of above referenced. These are options for Oct., so that we may have a little bit of time on on you side, if it does not work out then all will be sold for whatever we can savage . . .

Note: Earning must produce an extreme drop or gap up for us to profit. Breakeven point cost 1.82. H: 14.82 or L: 11.18

Earnings Conference Call: (Live Phone N/A) on Sep 8 2010 8:30AM

Next earnings release: Sep 8 before market, confirmed. Thomson Reuters estimate: -0.33