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C.R. Tarbert's  Instablog

C.R. Tarbert
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Mr. Tarbert is in a senior management position at a mid size telecommunications company. An active trader for over 20 years, he is bullish on broadband stocks.
  • CALX Options 0 comments
    Jun 6, 2011 1:05 PM | about stocks: CALX
    I've been actively trading broadband stocks since the announcement of Obama's Broadband stimulus package. 

    I got rolled into CALX with my large OCNW investment and have kept all the shares I received.  I have been writing monthly covered calls with success since Feb'11 but now it's going to be interesting with the first real jolt of stimulus dollars finally showing up in the quarterly earnings reports in July whether as actual revenue (or deferred) and outlook.  CALX & CLFD should be the biggest  beneficiaries and it will be interesting to see how much is actually baked into their PPS or while the market finally takes notice. 

    Today there has been some volume in the Oct'11 and Jan'12 put activity that bears watching.

    My next wave of covered calls expire on 6/17/2011.  Might be time to let it ride -

    Stocks: CALX
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ADTN, Broadband, CALX, Fiber, fiber , Insider Buying, Insider Transactions , long-ideas
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