Housekeeping: STX and COV

STX - Yesterday, we bought June/May $20 call calendar for $0.34 as earnings play when the stock was trading at $19.25.  As expected, the company beat earnings and the stock is performing well this morning trading up 4% at $20.10.  One analyst took the price target all the way to $31.  Calendar spread has slightly expanded now trading at $0.38.  But instead of closing the spread, I am rolling short May $20 calls to June $21 calls for $0.05 net debit.  I believe this is start of new leg up, so I want to stay in STX.   


COV - Yesterday, we bought straight up May $52.50 calls for $1.30 as earnings play.  What convinced me to get into the trade was at 11:07am, someone sold 600 May $50 puts near the bid at $0.50 to partially finance 600 May $52.50 calls on the offer at $1.35.  That was the largest trade of the day.  However, the trade hasn't panned out as the stock is trading down this morning.  Since it was a straight long call, I kept position size very small.  May $52.50 calls have already dropped to $0.45, so I think the biggest damage is already done.  Lets see if get any sort of intra-day bounce, but if we don't, lets cut our losses and move.