I wrote a bunch of march calls (100 contracts) 7.50 for .99-1.03 and should have bought to close in the .30's when GE crashed under 6.00. Rule of the Game, when you get a lucky fast profitable trade, take the money and run. This looked like a black swan event. I ended up closing at 71-78 cents. The calls are now worth 1.61. Who ever bought those 37 cent calls a few days ago made a windfall. But I could have ended in a bad unexpected situation those calls hit high, even those strike 9 kicked it up a notch into the .50's they were only worth like 13 cents not too long ago. I was expecting GE to do the typical new bottom and slowly creep up to 7.50. I had a second opportunity to close in cheap in the 40's but I should have taken it as a warning when I noticed GE was outperforming the S&P during a bearish period. I guess this was my almost LTCM event I will be taking a break and re-evaluating things. This was probably too close a call.