Same strategy as with QML BV last month:  buy the calls OTM and watch them go ITM on good news.  The good news was what I have been waiting on for several months, and that was the Q4 '07 earnings and the Q1 '08 dividend announcement.  MCGC surprised by $0.05/share and with the divy for Q1 being $0.44/share, along with MarketWatch rating the stock as a good value buy, MCGC and all call options with strikes below $15 shot to the moon.  I opted to exit at $0.75 because at the time I saw my options hit that price, it appeared to be uncertain that the upward momentum would be sustained.  This left me with a small profit, which I'll hold along with my current cash balance and make an investment next month to add more shares in advance of the ex-date for the dividend.  I still have one QML FV in my portfolio, and I'm contemplating between selling at $15 or exercising at $15.