Reddit user spots CIEN as potential rebound play similar to profitable Dell options trade

A Reddit user is drawing comparisons between Ciena (CIEN) and a Dell options trade from last week that reportedly returned approximately 300%. Despite Ciena beating earnings expectations with 37% revenue growth and raising full-year guidance, the stock sold off sharply, prompting the poster to see a potential rebound opportunity.

Why it matters: The user is considering buying September 25 $340 call options with CIEN currently trading around $316, viewing it as a short-term bounce play while acknowledging the theta decay risk.