"Investing" in an airline? Just remember, Pinnacle is akin more to a staffing company, we don't own any planes (except the 900's) and our revenue is based on a future mgmt team that just 86'ed our ATL flying. The contract pop is probably a safe bet, however I wouldn't expect much... definitely not enough to cover the premiums on a long call. The stock is so cheap, there really isn't even much point in buying calls, might as well just buy the stock.