For those of you watching the twitter feed, you know that I bought CIEN when it pulled back and held support at around 12.  I bought  2537 shares at around 12.35 and 10 Sept 10 14 calls.  The stock spiked on better than expected earnings today and I sold the calls for a descent profit.  I also bought 20 Oct 10 15 calls a few days ago which are showing a nice profit after the bump in price.  I’m new to options trading, so I don’t know if holding them is the right thing to do, but that’s what I’m doing.  I expect a pull back in CIEN today and hopefully it will consolidate and push even higher!

Disclosure: I am still long 2537 shares of CIEN and long 20 Oct 10 15 calls.  > $5200 profit today!