INTC ended the week at $32.75 IMO ........ That's very good for the position you posted in the OP. The credit for the short Oct16 32.00 straddle was $1.40 and could be closed at $0.79 - you keep $0.61. The long Nov06 32.00 straddle would still be open. So far the goals have been achieved - you lowered the cost of the long straddle by selling high IV going into earnings.