I did, with some trepidation, buy some new shares of CIEN @$42.93, stk $43, expy 3/15 (it's rather strange, but there *is* another modest jump between the 3/8 and the 3/15 premium

on those calls, and going with the later date seems worth it, regardless that earnings are on Mar. 5th). My trepidation being that the shares have come so far, so fast, that they may be overpriced here - it's hard to tell. But they're starting to bump up to where the friendly analysts' PTs are. The return of about 5% lured me in. If the price drops, well, Jon has proven that selling and re-selling calls on this stock  works, given that one can think of it as a longer term holding.

So far, I've had a fair amount of shares called away in the $30's. A nice profit, but I never figured there's be this terrific run-up in Jan-Feb on no grand news.

Selling calls on a bit less than 50% of my NOK has worked out for the moment. The shares got called away, but the .39 cents premium stk. $6 let me get out with a small profit, and probably right-sized my position. We'll see.