Bear put spread hold till expiration?

Discussion in 'Options' started by a529612, May 1, 2006.

  1. I'm new to bear put spread. I established a position on TOL when it was around 34 with the following:

    Long May 35 put
    Short May 30 put

    Right now the stock is around 31 and continuing its descend. The spread is currently profitable. Should I keep holding it till expiration and let it work itself out if I'm still bearish on sentiment?