5000 CIEN Sep 22.5 calls went up in 1 block on the PHLX marked regular. ?

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Shares of CIENA Corp. (CIEN) are up .35 to 22.84 today. CIEN is near the middle of the 52 week range.

Paper traded 5000 CIEN Sep 22.5 calls at .65. ?The ADV is 5045 contracts.? The OI is 243 contracts.

The volume went up in 1 block on the PHLX marked regular. ?The calls are most likely a sale where the trader is taking the earnings pop to collect some premium. The calls did not go up tagged with stock so this is either a naked short or a buy write on existing stock.

IV 30 is trading 38%.? HV10 is trading for 70%.? IV 30 is trading below the HV 10.

Ciena Corporation (Ciena) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic.