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Strategies & Market Trends : Option Strategies

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To: skinowski who wrote (1826)	1/17/2017 2:55:43 PM
From: robert b furman	Read Replies (2) of 2591

Hi ski, Just a note on a put I sold last year on infn. I had sold 30 $10.00 January 2017 puts on Infinera - 15 for $1.05 and 15 for $1.12 so I have an average of 1.08 for a net purchase price of $8.92. Infn has a leading technology in PIC's Photonic Integrated Circuits. They announced the next generation last January in 2016 and have been slow to implement it. In between they wrapped up a merger Transmode another PIC maker. This gives them a vertical competency for the long line of sea cables and fiber on land. Their resumption of revenue has been stalled with a "too early introduction" announcement of the next generation of switches and they have suffered a stock price decline in 2016. 2017 is supposed to be a very strong year in data center construction and Infn is perched to be a leader in speed and more importantly the lowest in cost of ownership. This stock does not pay a dividend but has an exceptional potential to catch great growth. It is a rare exception to my must have a dividend - but I have always been a believer in satellite and fiber cable, and now the clouds interconnections with large point of presence cloud servers. My long term beliefs of the inter-connectiveness between the internet and cloud services has to ultimately utilize the photons of light vs the electrons of electricity. Light is faster and does not produce heat - two huge advantages and they have evolved over the last 19 years of my study to the point I just want a small betting position to nibble away at. As a note of interest,of the 3000 shares I sold puts on, 1500 were assigned early to me last night and today. I'm 50 cents underwater but often the $9.82 net purchase price would be a bit below the current market price. Had I been a bit more patient I could have gotten a larger premium for them by about 90 cents several times and the scary low was on November 4 at $7.23 - a full 1.69 below my net price. I'll hold these shares and anxiously await the earnings call on Feb 9th AH - expected earnings (loss) is estimated at ( -.13). Any sign of revenue picking up and this stock will be over $10.00 quickly IMO. 12 MONTH DAILY: screencast.com 4 YEAR WEEKLY: screencast.com Bob

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