<p>OT - CIEN - The Sept. 11th calls on CIEN stk $61 look to be yielding 4.5 - 5.5%, depending on how you do the calculating, and whether the midpoint between bid and ask</p> <p>is an accurate indicator of what you'll get. That's not a bad return. I may well buy some stock to sell calls with. I expect the activity in the options will pick up as word of the</p> <p>earnings date spreads. Downside, of course, is that stocks that stumble will get punished badly. Like Intel.</p>