CIEN earnings

#Earnings #LongStraddle
Bought $CIEN June 2nd 23.5 calls for 1.05. Order in to buy June 2nd 23.5 puts for .90. Biggest UP move: 18.4%, Biggest DOWN move: -18.0%, Average move: 9.8%. This trade will need an 8-9% move to break even.

#earningsfollowed