On 11/24/08 i sold a 96/100 spread on SPY at about .40 and SPY was trading ~85. Fast forward to Wed. night close and SPY is at 88.9 and my unrealized is -.50 so i'd have to buy back for ~.90. I wanted to do it as the trade went further against me than anticipated but then i figured I'd wait until friday morning to check out the premarket futures and let some time pass. This morning i considered buying a 90/91 debit spread for ~.50 on the open as a slight hedge to my credit spread. The market has thus far traded down and if i can hold off closing my credit spread through the weekend that would help my position a good amount. I'm debating between simply closing the spread or buying a debit spread for ~.50 either today or monday. I'm leaning towards trying to hold off until monday for buying the debit spread unless SPY approaches 90 in today's trading. Any opinions?