I have no prospective new positions awaiting my analysis on Wednesday.

By Tim Bovee, Portland, Oregon, March 7, 2017

 

I have entered a position on CIEN timed to coincide within earnings announcement.

I am attempting to exit CRM at my target price, but the order has not been filled. I shall leave it active until the closing bell. If it is filled, then I shall update Outcomes.

By Tim Bovee, Portland, Oregon, March 7, 2017

 

Ciena Corp. (CIEN)

Update 3/21/2017: CIEN gapped down sharply immediately after earnings were published and declined further for five trading days before settling on a plateau. I exited at 26.9% of maximum potential profit.

Shares declined by 6.4% over 14 days, or a -166% annual rate. The options position produced a 36.8% yield on debit for a +595% annual rate.

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CIEN publishes earnings on Wednesday before the opening bell.

I shall use the APR series of options, which trades for the last time 45 days hence, on April 21.

Implied volatility stands at 48%, which is  4.3 times the VIX, a measure of the volatility of the S&P 500 index.

CIEN’s IV stands in the 55th percentile of its annual range and the 76th percentile of its most recent broad movement.

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I shall analyze CIEN today as a potential earnings play.

By Tim Bovee, Portland, Oregon, March 7, 2017

 

CIEN is my one prospect for a new position on Tuesday. It is timed to coincide with an earnings announcement.

By Tim Bovee, Portland, Oregon, March 6, 2017

 

I am wrapping up trading early today in order to meet a commitment.

I entered no new positions today but exited two.

In exiting  GM and RRC today, I completed my March options, except for remnant of SU, which is so deep into profitable territory that it in untradeable.

An order to exit CRM at my target price has not yet been filled. If it should be, I shall update Outcomes after the closing bell.

By Tim Bovee, Portland, Oregon, March 6, 2017

 

 

I have no prospective new positions for today.

I have exited two positions profitably, GM and RRC, both expiring March 17. I shall update their analyses with results later today.

I have placed an order to exit CRM at my target price, but it has not yet been filled.

By Tim Bovee, Portland, Oregon, March 6, 2017

 

 

Jobs again take the spotlight with the release of the employment situation report for February on Friday at 8:30 a.m. New York time.

The private-sector ADP employment report will provide a preview on Wednesday at 8:15 a.m.

One other major report will add spice to the markets: International trade, out Tuesday at 8:30 a.m.

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I have no prospective trades in sight for Monday.

By Tim Bovee, Portland, Oregon, March 3, 2017

 

I exited MO for a loss and updated the analysis with results.

By Tim Bovee, Portland, Oregon, March 3, 2017