OT - After declining 30% in a month, NVDA is getting whacked for 20% down today. Yes, they've got some immediate problems to overcome - cryptocurrency mining is dead, they've got inventories of mid-level 1080 based cards to sell, and the new, amazing, 2080 based cards are somewhat pricey, and only 1 game uses the real-time ray tracing those cards are capable of. I think it'll take a couple of quarters to clear up the issues. But long term, I'm still bullish on them. Their products and diverse applications (cloud, autonomous AI, datacenter, etc.) are leading-edge, and growth should continue, minus the recession that seems ever-nearer.

I bought some CIEN a couple of days ago at $32.97, and wrote calls on it for dec. 21 stk $33 for $1.92. A bit better than a 5% gain. I'm more convinced than not that their earnings, somewhere around Dec. 6th, should be good, as they've been performing well regularly that last several quarters. 

I do wonder this: As the price of a stock rises, is the reward in buying it and writing calls commensurate with the price increase? That is, let's say you buy a stock at $32 and option it out for, say, $2. If the price moves up to $33, and you buy it there, would selling call for stk $33 for the same time period reflect the extra dollar in cost in the premium, or would you still just get about $2 in premium? It would seem that the first must be true, but I'm curious if someone knows offhand.