Wow, CIEN looks strong this morning. Look at options 1 month, 3 months and 5 months out.  Some of the premiums make me think some folks expect it to be ~40 in a few months and maybe low to mid 40's in July. Of course those numbers will change with stock price, but at this snapshot in time, it is bullish I think that some folks are willing to sell those sort of premiums for those strikes.