Friday, May 03, 2013 8:37:35 AM
By Jill Malandrino05/02/13 - 12:00 PM EDT
TheStreet Premium Service
The market has returned to an area of new all time highs (or close!) and option volume has been relatively strong this week after a few quiet days last Thursday and Friday (when all the movers and shakers were at the Options Industry Conference in Las Vegas). While we've seen a few large protective positions put on in ETFs and broad indexes, my feeling is that these represent some intelligent hedging of early 2013 portfolio gains. A number of names saw notable bullish flow yesterday in the form of opening upside call buying, suggesting a view that whether or not the liquidity-fueled market ascent continues, these stocks may have upside room in the near term.
Ciena (CIEN) Early volume Thursday in networking equipment maker CIEN is dominated by May 15 calls, currently 3.8% above spot. Buyer appears t have paid an average price of 36cents for nearly 2000 contracts. Shares at the low end of their YTD range (and about middle of their 52-week range), and today's flow may close an existing short call position.
Recent CIEN News
- Ciena Announces Reporting Date and Web Broadcast for Fiscal Second Quarter 2024 Results • Business Wire • 05/01/2024 01:00:00 PM
- HSPnet Launches High Capacity B3JS and BDMCS Networks • Business Wire • 04/16/2024 01:00:00 PM
- Blue Planet Unveils Industry’s Only Multi-Cloud Native OSS Platform • Business Wire • 04/09/2024 01:00:00 PM
- Ciena Celebrates Major Customer Milestones and Optical Leadership at OFC 2024 in San Diego • Business Wire • 03/27/2024 01:00:00 PM
- Toshiba, Ciena Collaborate to Demonstrate Quantum Secure Communication at OFC • Business Wire • 03/26/2024 01:00:00 PM
- SEA-ME-WE 4 Enables Global Digitalization with Enhanced Connectivity Powered by Ciena • Business Wire • 03/11/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/07/2024 07:39:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 12:03:09 PM
- Ciena Reports Fiscal First Quarter 2024 Financial Results • Business Wire • 03/07/2024 12:00:00 PM
- U.S. Index Futures See Modest Gains, Oil Prices Slip • IH Market News • 03/07/2024 11:01:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:13:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 08:38:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 08:33:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 09:46:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/15/2024 09:26:48 PM
- Astound Business Solutions Launches Commercial 400G Wavelength Service across the U.S., Powered by Ciena • Business Wire • 02/13/2024 01:01:00 PM
- Telia Lithuania Deploys Ciena’s WaveLogic 5 Extreme for Country-wide 800Gb/s Wavelength Service • Business Wire • 02/12/2024 02:00:00 PM
- Ciena Announces Internet Availability of 2024 Annual Meeting Proxy Materials • Business Wire • 02/08/2024 04:00:00 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 02/08/2024 03:01:58 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/08/2024 02:57:27 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/08/2024 02:54:22 PM
- Ciena Announces Reporting Date and Web Broadcast for Fiscal First Quarter 2024 Results • Business Wire • 02/06/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:37:10 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/30/2024 09:08:41 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/29/2024 09:16:25 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM