Monday, November 23, 2009

Ciena Strikes Gold, Gold Shines, Straddles Update

Ciena has won the auction for Nortel optical unit. This was the jewel of the company - for the future. As expected, the stock is off over 6% as an immediate reaction.

Gold is getting close to $1,200. Here is an update on the straddles:

Ciena's are break even at this point. It all depends on what happens next.

Yamana is always the faithful high volatility play.

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