Ciena has dropped to the mid 13's, which is right in between two strike prices. Here are the updated strangles. There is till no word on the Nortel optical division bidders.
Not advice. Please do your own due diligence.
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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
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