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 Unveils 1.6 Tb/s Coherent Pluggable Solution for Hyperscale Cloud Providers' Capacity Surge • Business Wire • 09/23/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:38:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 12:28:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:29:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:22:04 PM
- TDC NET Selects Blue Planet to Build an OSS Foundation for the Digital Era • Business Wire • 09/10/2024 01:00:00 PM
- Commsworld Launches Commercial Broadband Service Using Ciena’s XGS-PON • Business Wire • 09/10/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/04/2024 08:13:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 11:05:17 AM
- Ciena CFO James E. Moylan to Retire in August 2025 • Business Wire • 09/04/2024 11:01:00 AM
- Ciena Reports Fiscal Third Quarter 2024 Financial Results • Business Wire • 09/04/2024 11:00:00 AM
- U.S. Index Futures Fall Amid Market Volatility; Oil Prices Drop on Libya Dispute, Weak Global Demand • IH Market News • 09/04/2024 09:52:47 AM
- Arelion Achieves World’s First Live 1.6 Tb/s Wave Data Transmission with Ciena’s WaveLogic 6 Extreme • Business Wire • 08/29/2024 01:00:00 PM
- Lumen Selects Blue Planet to Underpin its Network Inventory Transformation Program • Business Wire • 08/21/2024 01:00:00 PM
- Bhutan Telecom Boosts Network Capabilities with Ciena • Business Wire • 08/20/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 08:13:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 08:00:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:30:01 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:29:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:25:05 PM
- Ciena Announces Reporting Date and Web Broadcast for Fiscal Third Quarter 2024 Results • Business Wire • 08/06/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 09:09:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 09:02:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/16/2024 08:07:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/15/2024 08:08:58 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM