Pin risk (options) - How do you handle it?

I had the 820 short combo with RUT closed at 819.32 on 4/19. It gapped out around 15 points the next day.

The time value of the combo was huge. What is the best way to handle this situation?

Today I have rut 820 calendar (short May, long July). What should I do now?

 

Pin risk is not an issue for a cash-settled option cause you got no underlying to worry about if assigned.

 

He's talking settlement risk on expiration day.

 

Roll out to June ASAP and be done with it.

 

Thank you. I just rolled it out at around 3:30 today.