, consider taking gains on your position. Your position is as follows: L/S Quantity Position Cost Basis/ct.' Last' Gain/(Loss)' Long 1,000 AAL Jan'15 20 Calls S 8.04 S 19.20 $ 11.16 Short 1,000 AALJan'15 20 Puts $ 1.98 5 0.30 $ 1.68 Total Gain/ct. $ 12.84 AAL Spot Ref. = $39.10 I "Total G