TM2, GFRE May covered call gives you about 18% downside protection and about 19% upside if taken out at $5 40 days from now. Sold a few puts here at .95. Heavy volume on May $5 put. I am thinking more at sold than bought as when I have been watching they have fired off on the bid. Over all put volume across all expirations is not that big for what might be a scam stock.