I don't disagree about late May or June possibilities, but also know the market is weird. If I can spend $400 to make net $1600, I'm not waiting to see if I could get the full $2k.  This has provided me opportunities to sell additional rounds of calls at times and I think has earned me more money with CIEN than otherwise.  I still have my May 29 50's. Did not buy them back (yet?). I will resell calls for the other lot i just covered if the stock goes up on Monday.