Have you looked at open interest in June on SNDK? Nothing but calls from $25 on up: <A HREF="http://finance.yahoo.com/q/os?s=SNDK&m=2004-06-18" target="_new">http://finance.yahoo.com/q/os?s=SNDK&m=2004-06-18</A> Calls outnumber puts by about 4:1. The open interest is not that large, but it makes me wonder if they're going to make all of those call holders end up that smart. Check out SNDK July's also: <A HREF="http://finance.yahoo.com/q/os?s=SNDK&m=2004-07" target="_new">http://finance.yahoo.com/q/os?s=SNDK&m=2004-07</A> SNDK might be one of those stocks that makes a late summer move.