Ciena (CIEN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN)

CIEN 230.90

-6.2%

Jan 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tom Aellis who wrote (5915)	12/16/1998 7:28:00 PM
From: Scott Bergquist	of 12623

2700 contracts (calls?) at 30.. I don't this bodes well. When Ciena was trading around 27-35 after the ".8 shares" renegotiation, someone opened about 3-4000 NEW open interest contracts on CIEN, for Sept 30 or 35(?) calls. Then a few days later, the damn thing sunk to 21 instantly on another lost contract. I think in that case it was smart money taking sales money on naked call sales. Remember, it depends on WHY there are new contracts. And right now, I think a lot of MMs wish to get back the blood they lost in August. It could be naked calls again...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next