I covered my short Dec 30 puts for a huge percentage loss (-350% basis the premium). I played with fire and got burned, staying too long at the Lions Gate bull party. As always, there is the chance that this is the bottom.
However, the loss is already more than I typically want to take. It is the big risk of selling puts, a quick dive in the stock price. I sold these puts when the stock was about 35. I am still short Dec 39 and Dec 43 calls, but the premium from those do not balance out the huge hit I took on the put side of the short strangle. These things happen.
Long BA BRKB GDX GILD IWM IYR
Long KORS M NSC WHR TM XOP XRT
Net long APC
Net short LGF