Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 194.70

+9.2%

Nov 24 4:00 PM EST

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To: Kent Rattey who wrote (6514)	2/18/1999 10:28:00 PM
From: HoyaBob	Read Replies (1) of 12623

CIEN CALLS: I recommend using covered CALL strategy to get better yield for you longs. Writing covered calls reduces your basis in stock, and is a hedge against price attrition to certain point. You can get certainly limit your potential gains if CIEN rockets on an actual takeover, not just a rumor, but you can always buy the calls back or roll up and out if this event ever happens. With the roller coaster volatility of CIEN, the options have a very rich premium. I've actually had some recent 30-40% gains within about 1 week period. January was especially crazy.

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