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Technology Stocks : Ciena (CIEN)
CIEN 196.24+0.8%Nov 25 4:00 PM EST

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To: charger who wrote (6325)2/3/1999 12:07:00 PM
From: Mark Peterson CPA  Read Replies (1) of 12623
 
What strikes me unusual is that traders are selling the puts, too, in size. Someone sold a 100 lot of the March 25 puts. You generally wouldn't be willing to sell the March 25 puts if you thought the stock was going below 25 in March. Suggestive IMO that some news announcement may be imminent. Maybe they are dotting the "i's" and crossing the "t's"?

Just haven't seen this kind of volume or volatility increase in the options for a great while.

Good luck with your position.

Mark A. Peterson
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