CIEN showed a parabolic sar bull signal today, in line with a long-running trend. I analyzed the stock earlier today.
The spread is structured as long the $18-strike call, and short the $19-strike call.I entered the position for a 43¢ premium debit.
The stock was trading at $18.12 at the time the order was executed. The position will break even at $18.42, the maximum profit is 58¢ per share, and the maximum loss is 42¢ per share.
Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
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This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.
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