Jon - Today's action with CIEN was somewhat tempting, given that it closed not far from $48. I'm hoping that if the market zooms like this on the annoucement that 3.5 more people filed for unemployment, and the market didn't sell off into the close, maybe a Monday with no news will skyrocket it. I've also been mulling this: If you want to get the best bang out of calls at $49 or $50, perhaps it's best to sell call for a a strike after earnings. The obvious danger in selling the May 29 calls is that, they might reach strike, but you won't get a whole lot for them. Offhand, I remember the June 12 of 19th stk $50 calls had a midline (mid-between bid and ask, ot always reliable to get it at that price, I know) of about $2.25 for the premium. $52.25 if it finishes ITM is pretty good. I'm hoping Monday might even be better. Of course, with the bifurcation of the market, if CIEN does very well and gives at least steady guidance, the appreciation might be considerable. But....analysts have been downgrading it to neutral based on price (altho there are many who have maintained a buy), and I *think* CIEN may have come out with a statement weeks ago saying that Covid would have a meaningful impact. But I may be wrong, given that so many companies have said that.