National Semiconductor (NYSE: NSM) is scheduled to release Q4 after the close of trading on June 5.
RBC Capital Markets has a price target of $18 on NSM.
NSM June option implied volatility is at 46; July is at 40 above its 26-week average of 38 according to Track Data, suggesting larger price movement.
Ciena (NASDAQ: CIEN) closed at $29.97 Monday. CIEN is scheduled to report Q2 EPS on June 5.
Bank of America has Neutral rating with a $32 price target on CIEN.
CIEN June option implied volatility of 65 and July option implied volatility of 57 is above its 26-week average of 55 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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