The Option Period was another good episode of Studio 60. We all know that something's up with the writers, but we don't know what... and then we find out that there's an option period for one of the characters from one of the sketches, and Ricky and ...the other guy are working on that instead of working on the scripts for the show they're ~currently~ employed on.
One of the things that made this episode so good was the fact that there's always been animosity between Matt/Danny and Ricky/Ron, so we all expect there to be a little vindictiveness, and for Matt to say, 'No, don't let them take it.' But the twist at the end is that he doesn't say that; he allows them to go with the character that he knows will fail as a sitcom, which means that while it looks like he's being nice, in fact, he's not. He's letting Ricky and Ron learn things the hard way, and I'm sure that we'll see them again later on in the season, when they come crawling back after their sitcom fails.