Jon,

That's really an interesting idea on INFN options for Feb. The swoon below 18 recently had me paralyzed - I've got some at $18.60 and more at $21.67 - I felt a bit top-heavy as writing options on them wouldn't bring me to even, so I internalized it as a long-term position that would eventually grow into valuation - altho lt cap changed his original dictum that he thought below $20 was value, and above over-rich (he revised that upwar IIRC with their announcement of new products and synergies with the company they bought (I forget the name), into the 17's felt uncomfortable. I think I will mull, and may well try that play, buying more shares and optioning them out, given that at today's price, you're covered down to a little below $17, and yes, it's not impossible but hard to imagine there's a lot more downside there. But if I do it, I'll do it next week - do not want further taxable revs, given the premiums are paid immediately. For that matter, I'm still in the dark about when my sold (selling? in the 'process' of selling? somewhere in 'stock purgatory'?) ALU shares will be a taxable event. I'd think that trading in EU markets is over or close to it, but that doesn't guarantee against telling us after the fact when the ALU shares get sold. 

Also, one might be aware that in late Jan (rough prediction is the 28th), INFN will have their earnings call. And holding thru that makes me slightly nervous - not that there is a parallel, but I really thought CIEN was going to report good news in their CC, and basically they messed the bed, at least short-term. Still imagining INFN below $17 - can pigs fly? I dunno. I'll take it up Monday.