Jon, 

We musta kinda linked accts, as I sold a small number of calls on CIEN today - exp june 12, stk $51.50, premium $2.09. (I think I just learned a lesson.The bid-ask spread was high, like $1.80 - $2.25 or something like that. I picked a penny or to above the mid-point, as I almost never get a fill when I don't bid the mid-point, and they were immediately taken - now they're $1.91 - $2.44 with a midpoint of ... $2.18 I think - and the price o f the stock is a little lower than when I traded it. Lesson learned - with a large spread, the mid-point doesn't have anywhere near the specific meaning when the bid-ask is much closer.) (Worse lesson learned, I didn't buy back my May 22nd stk $48 yesterday in the mid-.40 cents range - they're now, of course, way too expensive to buy back. Perhaps the crazy beta of CIEN will save me later. OTOH, all the 'hot stocks' are those with good balance sheets and good (relatively) prospects - CIEN, NVDA, and so on.