Buy Alert: September 14, 2016

| September 14, 2016 | 0 Comments

Buy Alert:  September 14, 2016

 

Trade Details

Buy Ciena (CIEN) October 21st 21 Calls for $1.15 or better (lower)

 

Why?

We’ve finally had a little more volatility in the last week, and it’s opening up some trading possibilities in some names I’ve been following for a while.  One of those opportunities is in CIEN.  The networking equipment and software company has been punished over the last week or so despite very favorable fundamentals.  The stock is currently nearing major technical support, and it looks like a great opportunity for buying calls.

We’re going to buy October calls.  Conservative investors can take profits at $22.50.  Aggressive investors can hold up to $24.  For risk control, conservative traders should exit at $20, while more aggressive traders can hold down to $19.

 

Recent Activity

CIENA

 

Category: OTW Buy Alerts

Leave a Reply

Your email address will not be published. Required fields are marked *