Thanks man. My idea was actually to go long the synthetic for the $1.60 credit, as my position net delta is -20 (whatever that actually means right now). It wouldn't be perfect, but might act as a hedge if the shares go further north, which I suspect would speed up the early ex on the 15s. If the underlying goes back to the center of my strikes, I suspect that will delay the 15s going discount. I have 8 contracts in the position, so one contract of synthetic long would lose me $800-1200 (figure $8-12/share), if underlying goes to $26-30, but would salvage me the rest of the position (almost $3k). Worth selling out of some of it to try this? ... or better to just sell out of some now before it gets worse? (and try Ghost's idea of waiting and seeing with less money at stake). At least I'm playing with house money from Sprint.