Yup...did the same think it did last time...up in pre-mkt and downward drift...I sold my 50 calls for a bit less than $4,500 profit. You know, this appears to be a workable strategy. Wait for the downward drift, and load up on slightly below or at-the-money calls about 6 months out, wait for good news, and sell. This was nearly a double and I only had to hold since late October.