Hi, So, just interested in thoughts on this. I sell front-month ATM calls/puts, hedging and holding on for expiration. And occasionally, the underlying goes way OTM... which means I'm very likely to get the full premium. But my question is... should I perhaps buy a new ATM call, and turn this into a call spread for free? Specific example: - I sold APWR 12.5 calls 2 weeks ago. (Jul09) - It plunged to 7.5 earlier this week, and trading at 8.3 today. I can hold onto those 12.5 calls to expiration... in which case I'll with great likelihood make the ~$1 a contract. I can also buy 7.5 calls (which are about the same price as the 12.5 calls I sold 2 weeks ago). Then my maximum upside goes up to $5 a contract... but I also potentially get nothing. What would you guys do?