Calpine..sell puts?

Hi All,

In an earlier post I said I was selling the Feb 10 puts on Calpine(CPN).I also said that I wasn't going overboard selling them.Merrill downgraded

and those puts are now trading at 75 cents with 9

days to go.The stock is trading at approx 10.30.

On Friday the stock was up but what was one of the most active puts?The CPN July 7.50 put closed up on the day!HMMMM...isn't that strange.Although

I am new to the stock option market and stocks

it looks as crooked as all the other markets I am familar with...perhaps worse.