Into CIEN Sep 21 '13 $22 Calls @ $0.74 + Into CIEN Sep 21 '13 $20 Puts @ $0.94...

Stock Beta = 2.1

Current Price = 20.61

Over 2 trading weeks till expiration...

I'm expecting a 10% move either way in order to be in the money...  If it ends up ranging, I'll lose money...



P.S. CIEN Earnings Announcement Before Market Hours on 4 September 2013...