That is a nice strategy you have going on here. I used to be invested in this back in 2008/9 when it was STSI. I'm familiar with the uptrend trading here. This is why I'm personally playing this based on the chart. Of course that settlement up in the air is just fuel to the fire. I truly believe once that $5 resistance is broken, this will surely take off and those calls will explode. You mentioned the Nov calls being a bit pricey but I think they are all too cheap lol. Even the jan calls are under a buck. 300%-400% gains on those aug 4.50/5s would not surprise me one bit. Those I will be flipping and will be looking to grab some jan ITM calls to put on the shelf for a while. I saw a high of $4.84 in AH tonight, $5s can be here by eow. Best of luck to you...
Beware that the stock is very overbought and staring up at strong resistance at $5.00 mark. This has been a tough nut to crack in the past. I'd lock in some profits at that point and ride some free shares: