Jon,

I see your point. The premiums at stk 11.50 and 12 for May 11th are double or more than what they are for May 4th. All strikes after May 11th have very very puny higher increments in the premiums. Yeah, May 11th is the place to be, premium-and-percentage wise. Thanks for pointing that out.

But......the flummoxing thing is that particularly in this sector, when CC's have been either good or bad, we're seeing 15% fluctuations (I think INFN got crushed by 25% one time, IIRC.)  So, on INFN, are the premiums telling you that the bets are to the upside? I think lt. cap. said they ought to have good products that were fairly unique in their abilities - is this the quarter where they should've been shipping them? Or do i have that wrong?