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CIEN Ciena will be $35+ in 4 months $18.23
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[QUOTE]Originally posted by metal1: [QB] [QUOTE]Originally posted by AJGrano: [qb] [QUOTE]Originally posted by Happy Valley: [qb] [QUOTE]Originally posted by AJGrano: [qb] oh ok I see what you're saying. Honestly I thought your strike price HAD to hit in order for you to sell it back. Yeah that is a good plan, I wish I had more money in my account because I probably would've bought some more at these levels. I'm just not liking how this stock is moving right now though..doesn't seem to want to make its way up, but it'll tank in a heartbeat. Atleast I have plenty of time now [/qb][/QUOTE]You are playing with fire if you get into the habit of averaging down with short term options in high beta stocks like CIEN...Can't treat the short term options the same way you would the commons or even the leaps...JMO [/qb][/QUOTE]I can see your reasoning for that, but a small investment in this can go a long way...short term or not. I mean those 8 calls I placed only cost me $325 compared to $9,840 if I were to buy the stock. I mean a lot of people say you shouldn't even touch options on stocks under $50 anyway but I feel this is a high reward/low risk play. [/qb][/QUOTE]Options are interesting in the fact that the precentage gains and losses are usally greater. Even though you only invested 325, if it expires worthless and you don't sell any before expiration, like Invester said to put a sell order in, you end up with a 100% loss. if you buy the stock and it goes nowhere, you just lose commission or maybe break even. If you buy the option and it goes nowhere, the option becomes worthless at expiriation. [/QB][/QUOTE]
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